Sentry Investment Management LLC Reduces Position in Xylem Inc. (NYSE:XYL)

Sentry Investment Management LLC trimmed its holdings in Xylem Inc. (NYSE:XYL) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039 shares of the industrial products company’s stock after selling 213 shares during the quarter. Sentry Investment Management LLC’s holdings in Xylem were worth $141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. Dimensional Fund Advisors LP grew its holdings in Xylem by 23.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,346,063 shares of the industrial products company’s stock valued at $153,936,000 after buying an additional 256,778 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Xylem by 18.6% during the 4th quarter. Ieq Capital LLC now owns 8,033 shares of the industrial products company’s stock valued at $919,000 after acquiring an additional 1,259 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of Xylem in the fourth quarter valued at about $208,000. Moran Wealth Management LLC increased its position in Xylem by 3.3% during the fourth quarter. Moran Wealth Management LLC now owns 3,246 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 105 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Xylem by 9.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 234,868 shares of the industrial products company’s stock valued at $26,202,000 after purchasing an additional 19,482 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Up 0.9 %

Shares of NYSE XYL opened at $131.01 on Friday. The stock has a market cap of $31.76 billion, a P/E ratio of 46.62, a PEG ratio of 2.23 and a beta of 1.04. The business’s fifty day simple moving average is $133.95 and its 200-day simple moving average is $133.85. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. 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 announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s payout ratio is 51.25%.

Wall Street Analysts Forecast Growth

XYL has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus lifted their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen reiterated a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Robert W. Baird boosted their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Five equities 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.com, the company presently has a consensus 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.