Procyon Advisors LLC Trims Stock Position in Xylem Inc. (NYSE:XYL)

Procyon Advisors LLC cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,197 shares of the industrial products company’s stock after selling 195 shares during the quarter. Procyon Advisors LLC’s holdings in Xylem were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Xylem by 10.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,477 shares of the industrial products company’s stock worth $1,280,000 after purchasing an additional 899 shares during the period. Renaissance Investment Group LLC raised its holdings in shares of Xylem by 1.0% in the 3rd quarter. Renaissance Investment Group LLC now owns 78,183 shares of the industrial products company’s stock worth $10,557,000 after purchasing an additional 779 shares during the period. Ayrshire Capital Management LLC grew its stake in shares of Xylem by 8.8% in the third quarter. Ayrshire Capital Management LLC now owns 29,619 shares of the industrial products company’s stock valued at $3,999,000 after buying an additional 2,389 shares in the last quarter. Brown Miller Wealth Management LLC grew its stake in shares of Xylem by 2.6% in the third quarter. Brown Miller Wealth Management LLC now owns 11,702 shares of the industrial products company’s stock valued at $1,580,000 after buying an additional 296 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Xylem by 5.9% in the third quarter. Ritholtz Wealth Management now owns 9,182 shares of the industrial products company’s stock valued at $1,240,000 after buying an additional 512 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 0.4 %

Shares of NYSE XYL opened at $136.74 on Wednesday. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $133.21 and its 200 day simple moving average is $135.02.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XYL. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. TD Cowen restated a “hold” rating and set a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird raised their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.67.

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.