Axxcess Wealth Management LLC Decreases Stake in Xylem Inc. (NYSE:XYL)

Axxcess Wealth Management LLC reduced its holdings in Xylem Inc. (NYSE:XYL) by 20.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,781 shares of the industrial products company’s stock after selling 1,259 shares during the period. Axxcess Wealth Management LLC’s holdings in Xylem were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Norges Bank acquired a new stake in Xylem during the fourth quarter worth $198,207,000. Artisan Partners Limited Partnership acquired a new stake in shares of Xylem during the 4th quarter worth 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 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares during the period. Kodai Capital Management LP acquired a new position in Xylem in the fourth quarter valued at about $133,945,000. Finally, Balyasny Asset Management L.P. boosted its stake in Xylem by 4,769.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock worth $106,056,000 after buying an additional 908,343 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer increased their target price on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Robert W. Baird raised their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price target 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. Finally, Mizuho lifted their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $144.58.

Xylem Stock Up 2.7 %

NYSE XYL traded up $3.71 during trading on Friday, reaching $140.84. 1,074,135 shares of the company’s stock were exchanged, compared to its average volume of 1,019,871. The stock has a market cap of $34.15 billion, a P/E ratio of 50.12, a price-to-earnings-growth ratio of 2.44 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 has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The company has a 50 day moving average price of $138.55 and a two-hundred day moving average price of $130.28.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company’s revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s payout ratio is 51.25%.

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.