Clean Yield Group Cuts Holdings in Xylem Inc. (NYSE:XYL)

Clean Yield Group lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 23.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 694 shares of the industrial products company’s stock after selling 208 shares during the period. Clean Yield Group’s holdings in Xylem were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perkins Coie Trust Co purchased a new stake in shares of Xylem during the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter worth $36,000. Finally, Pathway Financial Advisers LLC increased its position in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.0%

NYSE:XYL opened at $126.68 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company’s fifty day moving average price is $118.62 and its 200-day moving average price is $121.70. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The firm has a market capitalization of $30.83 billion, a P/E ratio of 34.61, a PEG ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.26%. Xylem’s dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XYL. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price objective for the company. Royal Bank of Canada boosted their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Raymond James raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Finally, Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.