RPG Investment Advisory LLC Sells 14,210 Shares of Xylem Inc. (NYSE:XYL)

RPG Investment Advisory LLC cut its position in Xylem Inc. (NYSE:XYL) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,961 shares of the industrial products company’s stock after selling 14,210 shares during the quarter. Xylem accounts for about 2.1% of RPG Investment Advisory LLC’s portfolio, making the stock its 15th largest holding. RPG Investment Advisory LLC’s holdings in Xylem were worth $14,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Blue Trust Inc. raised its holdings in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after buying an additional 200 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 220 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Xylem by 96.9% in the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 188 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $129.32 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $31.41 billion, a PE ratio of 46.02, a PEG ratio of 2.23 and a beta of 1.04. The stock’s 50 day moving average price is $134.09 and its 200-day moving average price is $133.87. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion during 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%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.11%. Xylem’s dividend payout ratio is currently 51.25%.

Analysts Set New Price Targets

A number of research firms have commented on XYL. TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Argus upped their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer lifted their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.