Crestwood Advisors Group LLC Sells 5,836 Shares of Xylem Inc. (NYSE:XYL)

Crestwood Advisors Group LLC decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 1.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 468,291 shares of the industrial products company's stock after selling 5,836 shares during the period. Crestwood Advisors Group LLC owned approximately 0.19% of Xylem worth $55,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co bought a new stake in shares of Xylem in the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Xylem in the 4th quarter valued at about $30,000. Center for Financial Planning Inc. raised its holdings in shares of 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 purchasing an additional 91 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of Xylem in the 4th quarter valued at about $36,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Xylem stock traded down $0.76 during midday trading on Tuesday, reaching $131.18. 955,483 shares of the stock were exchanged, compared to its average volume of 1,412,643. The company's fifty day moving average is $127.92 and its 200-day moving average is $123.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The firm has a market cap of $31.92 billion, a PE ratio of 35.26, a PEG ratio of 2.42 and a beta of 1.12. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50.

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 for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the prior year, the company posted $0.90 EPS. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Citigroup reissued a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.29.

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.