Kesler Norman & Wride LLC Sells 1,668 Shares of Xylem Inc. (NYSE:XYL)

Kesler Norman & Wride LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,482 shares of the industrial products company’s stock after selling 1,668 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Xylem were worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Bruce G. Allen Investments LLC bought a new stake in Xylem during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in Xylem in the 3rd quarter worth approximately $48,000. Spire Wealth Management increased its stake in Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 382 shares during the last quarter. Advantage Trust Co bought a new stake in Xylem in the 4th quarter worth approximately $57,000. Finally, Gradient Investments LLC increased its stake in Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of research reports. Citigroup lifted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Argus lifted their price objective on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. 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. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Finally, TD Cowen boosted their price objective on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.92.

Xylem Stock Up 0.3 %

NYSE:XYL traded up $0.44 during mid-day trading on Thursday, hitting $132.71. 858,241 shares of the company’s stock traded hands, compared to its average volume of 1,066,400. The company has a fifty day moving average of $138.89 and a 200 day moving average of $127.50. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a market capitalization of $32.18 billion, a P/E ratio of 47.23, a P/E/G ratio of 2.34 and a beta of 1.04. 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 (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 40.4% compared to the same quarter last year. On average, analysts forecast that Xylem Inc. will post 4.24 EPS for the current year.

Xylem Announces Dividend

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

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.