Delaney Dennis R Has $4.12 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Delaney Dennis R reduced its position in shares of Xylem Inc. (NYSE:XYL) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,367 shares of the industrial products company’s stock after selling 255 shares during the period. Xylem makes up approximately 2.2% of Delaney Dennis R’s investment portfolio, making the stock its 22nd biggest position. Delaney Dennis R’s holdings in Xylem were worth $4,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC grew its holdings in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Xylem during the 2nd quarter worth $33,000. Blue Trust Inc. increased its holdings in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 220 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 0.2 %

XYL opened at $132.86 on Thursday. The firm has a market capitalization of $32.27 billion, a PE ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.04. The company’s 50-day moving average is $133.85 and its 200 day moving average is $134.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating 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 firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Analyst Ratings Changes

A number of analysts recently weighed in on XYL shares. Royal Bank of Canada increased their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Robert W. Baird raised their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

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.