Xylem Inc. (NYSE:XYL) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,083 shares of the industrial products company’s stock after selling 199 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Xylem were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in XYL. EverSource Wealth Advisors LLC grew its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after buying an additional 220 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in Xylem during the second quarter valued at approximately $47,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 1.5 %

XYL opened at $132.78 on Tuesday. The stock’s 50 day moving average price is $133.86 and its 200 day moving average price is $134.04. 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 cap of $32.19 billion, a P/E ratio of 47.25, a P/E/G ratio of 2.31 and a beta of 1.04. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, research analysts predict that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XYL. UBS Group started 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. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer raised their price target 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. 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. Finally, Argus raised their target price on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.