Victory Capital Management Inc. Sells 394,409 Shares of Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,489,396 shares of the industrial products company’s stock after selling 394,409 shares during the quarter. Victory Capital Management Inc. owned about 0.61% of Xylem worth $202,007,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XYL. EverSource Wealth Advisors LLC raised its position in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Blue Trust Inc. raised its stake in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. grew 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 purchasing an additional 220 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Xylem by 96.9% in the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 188 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Xylem Stock Down 0.8 %

Shares of NYSE:XYL opened at $128.03 on Friday. The company has a 50 day moving average price of $134.31 and a two-hundred day moving average price of $133.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The company has a market capitalization of $31.10 billion, a PE ratio of 45.56, a PEG ratio of 2.27 and a beta of 1.04. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is 51.25%.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of recent analyst reports. Argus boosted their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Oppenheimer boosted their target price on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday. Robert W. Baird boosted their price objective on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Xylem 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.