Xylem Inc. (NYSE:XYL) Shares Sold by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. lowered its stake in Xylem Inc. (NYSE:XYL) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,640 shares of the industrial products company’s stock after selling 120 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in Xylem were worth $222,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Blue Trust Inc. lifted its position in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 220 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Xylem by 96.9% in the second quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TD Cowen reissued a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Argus raised their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer raised their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.

Xylem Stock Down 1.0 %

Shares of Xylem stock opened at $126.81 on Friday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a 50 day moving average of $134.13 and a 200 day moving average of $133.70. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $30.80 billion, a P/E ratio of 45.13, a P/E/G ratio of 2.27 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, research analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. Xylem’s payout ratio is currently 51.25%.

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.