Perpetual Ltd Sells 15,036 Shares of Xylem Inc. (NYSE:XYL)

Perpetual Ltd trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,343 shares of the industrial products company’s stock after selling 15,036 shares during the period. Perpetual Ltd owned 0.10% of Xylem worth $29,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem in the 4th quarter worth about $27,000. Orion Capital Management LLC bought a new stake in shares of Xylem in the 3rd quarter worth about $48,000. Spire Wealth Management lifted its holdings in shares of Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 382 shares during the last quarter. Advantage Trust Co bought a new stake in shares of Xylem in the 4th quarter worth about $57,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Xylem by 117.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 386 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. BNP Paribas started coverage on shares of Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price for the company. Argus lifted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen lifted their price objective on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Citigroup lifted their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $142.92.

Insider Transactions at Xylem

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Xylem Stock Down 0.8 %

Shares of NYSE:XYL traded down $1.10 during trading hours on Thursday, hitting $139.27. The company’s stock had a trading volume of 973,287 shares, compared to its average volume of 1,215,090. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 49.62, a P/E/G ratio of 2.48 and a beta of 1.07. The firm’s fifty day moving average price is $137.37 and its 200 day moving average price is $125.51.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 40.4% compared to the same quarter last year. As a group, research analysts expect that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 30th. Xylem’s payout ratio is currently 51.25%.

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.