Resources Management Corp CT ADV Reduces Holdings in Xylem Inc. (NYSE:XYL)

Resources Management Corp CT ADV reduced its holdings in Xylem Inc. (NYSE:XYL – Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,011 shares of the industrial products company’s stock after selling 90 shares during the period. Resources Management Corp CT ADV’s holdings in Xylem were worth $1,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares in the last quarter. Duality Advisers LP acquired a new position in Xylem in the first quarter worth $6,746,000. Vanguard Group Inc. boosted its position in Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after purchasing an additional 38,603 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after purchasing an additional 5,477 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s shares.

Analysts set new price targets

XYL has been the subject of several research analyst reports. TD Cowen reissued a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird upped 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. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus upped their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Argus boosted their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.54.

Read our latest research report on XYL

Xylem Stock Performance

NYSE:XYL opened at $134.51 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33, and a current ratio of 1.85. Xylem Inc. it has a 52-week low of $87.59 and a 52-week high of $146.08. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.34 and a beta of 1.04. The company’s fifty day moving average is $133.63 and its 200 day moving average is $134.30.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a $0.36 dividend. The ex-dividend date is Thursday, August 29. This represents a dividend of $1.44 on an annualized basis and a yield of 1.07%. Xylem’s dividend payout ratio is currently 51.25%.

About Xylem

(Free Report)

Xylem Inc, together with its subsidiaries, is engaged in the design, manufacture and service of engineering products and solutions worldwide. It operates through four segments: water infrastructure, applied water, measurement and control solutions, and integrated solutions and services. The Water Infrastructure segment offers products including pumps for water, stormwater and wastewater; 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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