Bank of New York Mellon Corp Sells 29,508 Shares of Xylem Inc. (NYSE:XYL)

Bank of New York Mellon Corp lowered its position in Xylem Inc. (NYSE:XYL - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,474,657 shares of the industrial products company's stock after selling 29,508 shares during the quarter. Bank of New York Mellon Corp owned about 0.61% of Xylem worth $176,162,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its holdings in shares of 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 purchasing an additional 101 shares during the period. Perkins Coie Trust Co purchased a new position in Xylem in the first quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in Xylem in the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new position in Xylem in the fourth quarter worth $31,000. Finally, Center for Financial Planning Inc. grew its position in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

XYL has been the subject of several analyst reports. Stifel Nicolaus upped their price target on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Royal Bank Of Canada upped their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.71.

Xylem Price Performance

XYL stock opened at $130.91 on Tuesday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a market cap of $31.86 billion, a P/E ratio of 35.19, a PEG ratio of 2.41 and a beta of 1.12. The firm has a 50-day moving average of $126.17 and a 200 day moving average of $122.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL - Get Free Report) last released 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. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. Xylem's revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

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.

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