Xylem Inc. (NYSE:XYL) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,398 shares of the industrial products company’s stock after selling 708 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Xylem were worth $310,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Silvia Mccoll Wealth Management LLC acquired a new position in Xylem in the first quarter worth approximately $205,000. Chapin Davis Inc. purchased a new stake in shares of Xylem in the first quarter valued at $213,000. LVW Advisors LLC boosted its position in shares of Xylem by 6.5% in the first quarter. LVW Advisors LLC now owns 4,390 shares of the industrial products company’s stock worth $567,000 after buying an additional 269 shares during the period. Breakwater Capital Group purchased a new position in shares of Xylem during the first quarter valued at $209,000. Finally, Brown Miller Wealth Management LLC grew its holdings in shares of Xylem by 1.4% during the first quarter. Brown Miller Wealth Management LLC now owns 11,524 shares of the industrial products company’s stock valued at $1,489,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’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 value of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XYL shares. Robert W. Baird raised their price objective on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Argus boosted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Mizuho increased their target price on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their price target on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, TD Cowen boosted their target price on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.92.

Xylem Stock Performance

Shares of NYSE XYL opened at $132.68 on Thursday. The business’s 50-day simple moving average is $138.85 and its 200-day simple moving average is $127.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The firm has a market cap of $32.17 billion, a price-to-earnings ratio of 47.22, a P/E/G ratio of 2.34 and a beta of 1.04.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a $0.36 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.09%. Xylem’s dividend payout ratio (DPR) 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.