Exchange Traded Concepts LLC Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Exchange Traded Concepts LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,844 shares of the industrial products company's stock after selling 2,608 shares during the quarter. Exchange Traded Concepts LLC's holdings in Xylem were worth $3,087,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aries Wealth Management increased its position in Xylem by 43.0% during the 1st quarter. Aries Wealth Management now owns 2,800 shares of the industrial products company's stock valued at $334,000 after buying an additional 842 shares in the last quarter. Biltmore Wealth Management LLC purchased a new position in shares of Xylem in the 1st quarter valued at approximately $605,000. Dynamic Advisor Solutions LLC acquired a new stake in Xylem in the 1st quarter worth approximately $694,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Xylem during the 1st quarter worth approximately $89,828,000. Finally, Azzad Asset Management Inc. ADV increased its stake in Xylem by 1.2% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 20,040 shares of the industrial products company's stock valued at $2,394,000 after purchasing an additional 232 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XYL shares. Citigroup decreased their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Xylem currently has an average rating of "Moderate Buy" and an average target price of $143.71.

Xylem Stock Performance

Shares of XYL stock traded down $0.60 on Friday, hitting $124.53. The company had a trading volume of 738,411 shares, compared to its average volume of 1,397,989. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $30.30 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. The company has a 50-day moving average price of $121.95 and a 200-day moving average price of $121.74.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem's payout ratio is 43.01%.

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.