Xylem Inc. (NYSE:XYL) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its holdings in Xylem Inc. (NYSE:XYL) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,980 shares of the industrial products company’s stock after selling 1,320 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Xylem were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in Xylem in the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new position in Xylem in the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. grew its holdings in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XYL has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They set an “overweight” rating and a $148.00 price objective for the company. Robert W. Baird reduced their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus increased their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.71.

Xylem Price Performance

Shares of NYSE:XYL opened at $126.68 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The business has a fifty day simple moving average of $118.62 and a 200 day simple moving average of $121.71. The firm has a market cap of $30.83 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $0.90 earnings per share. Xylem’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. Xylem’s dividend payout ratio is currently 43.01%.

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.