Xylem Inc. (NYSE:XYL) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its stake in Xylem Inc. by 15.5%, holding 31,296 shares valued at approximately $3.74 million after selling part of its position.
• Xylem reported a quarterly earnings per share of $1.26, exceeding analysts' estimates, with a total revenue of $2.30 billion, reflecting a 6.1% year-over-year increase.
• Several firms have modified their ratings, with UBS and Stifel Nicolaus increasing their price targets for Xylem, now projected between $168.00 and $175.00, while the consensus rating remains a Moderate Buy.

New Age Alpha Advisors LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,296 shares of the industrial products company's stock after selling 5,741 shares during the period. New Age Alpha Advisors LLC's holdings in Xylem were worth $3,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Middleton & Co. Inc. MA raised its position in shares of Xylem by 1.5% during the 1st quarter. Middleton & Co. Inc. MA now owns 79,897 shares of the industrial products company's stock valued at $9,544,000 after buying an additional 1,158 shares during the period. Allianz SE grew its holdings in shares of Xylem by 18.4% in the first quarter. Allianz SE now owns 19,453 shares of the industrial products company's stock valued at $2,324,000 after purchasing an additional 3,030 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Xylem by 2.9% during the first quarter. Scotia Capital Inc. now owns 48,982 shares of the industrial products company's stock worth $5,851,000 after acquiring an additional 1,372 shares during the period. Bank of Nova Scotia increased its holdings in Xylem by 224.9% during the 1st quarter. Bank of Nova Scotia now owns 105,366 shares of the industrial products company's stock worth $12,587,000 after purchasing an additional 72,940 shares during the period. Finally, Pathway Financial Advisers LLC raised its holdings in Xylem by 1,690.6% in the first quarter. Pathway Financial Advisers LLC now owns 5,694 shares of the industrial products company's stock valued at $680,000 after acquiring an additional 5,376 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Trading Down 0.1%

NYSE:XYL traded down $0.20 on Thursday, reaching $143.42. The stock had a trading volume of 938,246 shares, compared to its average volume of 1,150,179. The company has a market cap of $34.91 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.49 and a beta of 1.11. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The firm's fifty day moving average is $130.90 and its two-hundred day moving average is $124.97.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's payout ratio is 41.56%.

Analyst Ratings Changes

XYL has been the subject of several analyst reports. Citigroup reaffirmed a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. UBS Group reaffirmed a "buy" rating and set a $168.00 price objective (up from $164.00) on shares of Xylem in a research report on Tuesday. JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Royal Bank Of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Robert W. Baird decreased their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.57.

Xylem 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.