Burney Co. Lowers Position in Xylem Inc. (NYSE:XYL)

Burney Co. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,285 shares of the industrial products company’s stock after selling 160 shares during the quarter. Burney Co.’s holdings in Xylem were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XYL. Vanguard Group Inc. raised its holdings in shares of Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Xylem by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock worth $289,043,000 after buying an additional 16,713 shares in the last quarter. Swedbank AB boosted its stake in shares of 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 buying an additional 25,308 shares during the last quarter. Norges Bank bought a new position in shares of Xylem in the fourth quarter valued at approximately $198,207,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Xylem by 1,503.7% during 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 during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the 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 completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction 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 directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Xylem Price Performance

Shares of XYL stock traded up $1.35 during trading on Thursday, hitting $136.81. The company had a trading volume of 422,486 shares, compared to its average volume of 1,206,534. The stock’s 50-day moving average is $134.85 and its two-hundred day moving average is $133.35. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 48.60, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. As a group, analysts predict that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders 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 yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XYL. Robert W. Baird raised 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 shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Mizuho increased their price objective on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, TD Cowen raised their target price on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Company 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.