Xylem Inc. (NYSE:XYL) is Peregrine Asset Advisers Inc.’s 9th Largest Position

Peregrine Asset Advisers Inc. cut its position in Xylem Inc. (NYSE:XYL) by 32.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,635 shares of the industrial products company’s stock after selling 18,404 shares during the quarter. Xylem comprises 2.0% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 9th biggest position. Peregrine Asset Advisers Inc.’s holdings in Xylem were worth $5,104,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Blue Trust Inc. lifted its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after buying an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after buying an additional 220 shares during the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of Xylem during the 2nd quarter valued at $47,000. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 1.5 %

Shares of Xylem stock opened at $132.78 on Tuesday. The company’s fifty day simple moving average is $133.86 and its two-hundred day simple moving average is $134.04. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $32.19 billion, a P/E ratio of 47.25, a PEG ratio of 2.31 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. Xylem’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Research analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.08%. Xylem’s payout ratio is 51.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on XYL. Robert W. Baird increased their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Argus boosted their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada upped their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

About Xylem

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.