Koshinski Asset Management Inc. Sells 3,400 Shares of Xylem Inc. (NYSE:XYL)

Koshinski Asset Management Inc. trimmed its stake in Xylem Inc. (NYSE:XYL) by 31.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,457 shares of the industrial products company’s stock after selling 3,400 shares during the period. Koshinski Asset Management Inc.’s holdings in Xylem were worth $1,007,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. City Holding Co. lifted its stake in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 75 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Xylem by 3.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 79 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Xylem by 5.8% during the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 82 shares during the last quarter. Finally, Bangor Savings Bank lifted its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 2.0 %

Shares of NYSE:XYL opened at $136.86 on Monday. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The business’s fifty day simple moving average is $132.80 and its 200-day simple moving average is $134.91. The company has a market capitalization of $33.18 billion, a PE ratio of 48.70, a P/E/G ratio of 2.36 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released 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. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. As a group, equities research analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 51.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.67.

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.