Stock Yards Bank & Trust Co. Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Stock Yards Bank & Trust Co. decreased its position in Xylem Inc. (NYSE:XYL) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,433 shares of the industrial products company’s stock after selling 100 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Xylem were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. raised its holdings in Xylem by 53.2% in the second quarter. Edgestream Partners L.P. now owns 38,399 shares of the industrial products company’s stock worth $5,208,000 after purchasing an additional 13,329 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in Xylem by 23.7% in the second quarter. Citizens Financial Group Inc. RI now owns 2,424 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 465 shares in the last quarter. Quantbot Technologies LP raised its holdings in Xylem by 1,051.7% in the second quarter. Quantbot Technologies LP now owns 20,489 shares of the industrial products company’s stock worth $2,779,000 after purchasing an additional 18,710 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Xylem by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after purchasing an additional 113,571 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in Xylem in the second quarter worth $47,000. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Oppenheimer lifted their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Trading Up 0.3 %

Shares of NYSE:XYL opened at $133.14 on Wednesday. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 47.38, a PEG 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 1.33 and a current ratio of 1.85. The stock’s 50-day simple moving average is $133.86 and its two-hundred day simple moving average is $134.04. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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 return on equity of 9.48% and a net margin of 9.11%. 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 firm earned $0.98 EPS. The business’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced 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. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Xylem 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.