Xylem Inc. (NYSE:XYL) Position Trimmed by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 32.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 37,635 shares of the industrial products company’s stock after selling 18,404 shares during the period. Xylem makes up approximately 2.0% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 9th largest holding. Peregrine Asset Advisers Inc.’s holdings in Xylem were worth $5,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Swedbank AB purchased a new stake in shares of Xylem in the first quarter worth $311,684,000. Norges Bank purchased a new stake in Xylem during the 4th quarter valued at about $198,207,000. Artisan Partners Limited Partnership bought a new stake in Xylem during the 4th quarter valued at about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Xylem by 1,503.7% in 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 buying an additional 1,547,043 shares during the last quarter. Finally, Kodai Capital Management LP purchased a new stake in shares of Xylem during the fourth quarter valued at approximately $133,945,000. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 1.5 %

Shares of Xylem stock opened at $132.78 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The stock has a market capitalization of $32.19 billion, a PE ratio of 47.25, a P/E/G ratio of 2.31 and a beta of 1.04. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company’s fifty day simple moving average is $133.86 and its 200-day simple moving average is $134.04.

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 the consensus estimate of $1.05 by $0.04. The company 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%. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XYL shares. Argus boosted their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock 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, September 3rd. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer boosted their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average 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.