Truist Financial Corp Has $9.86 Million Stake in Xylem Inc. (NYSE:XYL)

Truist Financial Corp raised its holdings in Xylem Inc. (NYSE:XYL) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 84,942 shares of the industrial products company’s stock after acquiring an additional 459 shares during the period. Truist Financial Corp’s holdings in Xylem were worth $9,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in Xylem by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 36,992 shares of the industrial products company’s stock valued at $4,292,000 after acquiring an additional 1,572 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Xylem by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 26,749 shares of the industrial products company’s stock valued at $3,258,000 after purchasing an additional 713 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Xylem by 141.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 818 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 479 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Xylem by 5.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 2,895 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 160 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Xylem by 12.4% in the fourth quarter. Allworth Financial LP now owns 1,284 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 142 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XYL has been the topic of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Performance

XYL opened at $127.32 on Friday. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The firm has a market capitalization of $30.93 billion, a PE ratio of 34.79, a PEG ratio of 2.34 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The business’s 50-day simple moving average is $121.81 and its 200 day simple moving average is $127.19.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 43.72%.

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.