Axxcess Wealth Management LLC Sells 2,884 Shares of Xylem Inc. (NYSE:XYL)

Axxcess Wealth Management LLC reduced its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 57.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,177 shares of the industrial products company's stock after selling 2,884 shares during the quarter. Axxcess Wealth Management LLC's holdings in Xylem were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XYL. Valley National Advisers Inc. increased its position in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after buying an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new stake in Xylem in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. bought a new stake in Xylem in the 4th quarter valued at about $30,000. Center for Financial Planning Inc. raised its stake in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in Xylem during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Up 0.1%

Shares of NYSE:XYL traded up $0.12 during trading on Tuesday, reaching $131.09. 158,120 shares of the company traded hands, compared to its average volume of 1,535,499. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The business's fifty day moving average is $127.00 and its 200-day moving average is $122.61. The firm has a market capitalization of $31.90 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 2.38 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. As a group, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem's dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XYL shares. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $146.29.

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.