Mattern Capital Management LLC Sells 1,000 Shares of Xylem Inc. (NYSE:XYL)

Mattern Capital Management LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 1.3% during the second quarter, HoldingsChannel reports. The firm owned 75,072 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Xylem comprises 1.4% of Mattern Capital Management LLC’s portfolio, making the stock its 16th largest holding. Mattern Capital Management LLC’s holdings in Xylem were worth $10,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XYL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Xylem in the 1st quarter valued at approximately $6,746,000. Vanguard Group Inc. increased its stake in Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Xylem by 12.9% during the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after buying an additional 38,603 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after buying an additional 5,477 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Oppenheimer increased their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Robert W. Baird increased their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Argus boosted their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen reaffirmed a “hold” rating and set a $138.00 price objective on shares of Xylem in a research report on Tuesday. Finally, Royal Bank of Canada lifted their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Trading Down 1.2 %

NYSE XYL opened at $129.09 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $134.48 and a 200 day simple moving average of $133.72. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The firm has a market capitalization of $31.30 billion, a P/E ratio of 45.94, a PEG ratio of 2.42 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, analysts predict that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling

In related news, 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 completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by insiders.

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.