LRI Investments LLC Takes $237,000 Position in Xylem Inc. (NYSE:XYL)

LRI Investments LLC acquired a new position in Xylem Inc. (NYSE:XYL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,676 shares of the industrial products company’s stock, valued at approximately $237,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Xylem by 0.7% in 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 acquiring an additional 187,847 shares during the period. Baillie Gifford & Co. raised its stake in Xylem by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock worth $350,701,000 after buying an additional 69,619 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Xylem by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock worth $289,043,000 after acquiring an additional 16,713 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Xylem by 5.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,739,221 shares of the industrial products company’s stock valued at $197,800,000 after acquiring an additional 85,438 shares in the last quarter. Finally, Norges Bank bought a new position in Xylem during the 4th quarter worth about $198,207,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity

In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Xylem Stock Performance

NYSE:XYL traded up $3.71 during mid-day trading on Friday, hitting $140.84. 1,074,135 shares of the stock were exchanged, compared to its average volume of 1,019,871. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The firm’s 50-day simple moving average is $138.55 and its 200 day simple moving average is $130.40. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04.

Xylem (NYSE:XYL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 40.4% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $0.36 dividend. 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 1.02%. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on XYL shares. Stifel Nicolaus upped their price objective on Xylem from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. TD Cowen lifted their price target on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada increased their price objective 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. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Oppenheimer boosted their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.58.

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.