Stock Yards Bank & Trust Co. Sells 100 Shares of Xylem Inc. (NYSE:XYL)

Stock Yards Bank & Trust Co. decreased its position in Xylem Inc. (NYSE:XYLFree Report) by 2.2% during the second quarter, HoldingsChannel.com reports. The fund owned 4,433 shares of the industrial products company’s stock after selling 100 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Xylem were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after acquiring an additional 187,847 shares during the last quarter. Swedbank AB increased its stake in Xylem by 1.0% in the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock worth $330,527,000 after acquiring an additional 25,308 shares during the last quarter. Mirova US LLC increased its stake in Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after acquiring an additional 36,013 shares during the last quarter. Norges Bank bought a new stake in Xylem in the 4th quarter worth approximately $198,207,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Xylem by 2.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after acquiring an additional 36,601 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

XYL opened at $133.14 on Wednesday. The business has a fifty day moving average of $133.86 and a 200 day moving average of $134.04. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market cap of $32.34 billion, a P/E ratio of 47.38, a PEG ratio of 2.34 and a beta of 1.04.

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

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XYL shares. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Robert W. Baird boosted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer boosted their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada boosted their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Check Out Our Latest Analysis on Xylem

About Xylem

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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