1,920 Shares in Xylem Inc. (NYSE:XYL) Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. acquired a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,920 shares of the industrial products company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of 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 period. Blue Trust Inc. lifted 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 purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake 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 purchasing an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after buying an additional 220 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Xylem by 370.9% in the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $135.82 on Thursday. The firm has a market capitalization of $32.93 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. 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 business’s fifty day moving average price is $134.85 and its 200 day moving average price is $133.35. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings data 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 business had revenue of $2.17 billion for 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 business posted $0.98 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.06%. Xylem’s dividend payout ratio is currently 51.25%.

Insider Activity at Xylem

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XYL. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Argus upped their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen upped their price objective on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Royal Bank of Canada increased their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer upped their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price 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.