Allspring Global Investments Holdings LLC Sells 281 Shares of Xylem Inc. (NYSE:XYL)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,253 shares of the industrial products company’s stock after selling 281 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Xylem were worth $1,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its holdings in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after purchasing an additional 9,114 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after purchasing an additional 1,547,043 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after purchasing an additional 62,398 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the last quarter. Finally, Evoke Wealth LLC purchased a new stake in Xylem during the 4th quarter valued at $680,000. Institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XYL. Citigroup increased their price target on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. BNP Paribas began coverage on shares of Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Mizuho increased their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird increased their price target on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, TD Cowen increased their price target on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.92.

Xylem Trading Up 0.3 %

Shares of NYSE XYL opened at $132.68 on Thursday. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The stock has a market cap of $32.17 billion, a P/E ratio of 47.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The firm has a 50-day moving average of $138.85 and a 200 day moving average of $127.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the company posted $0.72 EPS. Xylem’s revenue was up 40.4% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Xylem’s dividend payout ratio is currently 51.25%.

Xylem Company 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.