Xylem Inc. (NYSE:XYL) Stake Lowered by US Bancorp DE

US Bancorp DE reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 117,778 shares of the industrial products company’s stock after selling 915 shares during the period. US Bancorp DE’s holdings in Xylem were worth $13,665,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XYL. Swedbank AB boosted its holdings in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Xylem by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company’s stock worth $5,189,000 after purchasing an additional 713 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Xylem by 7.3% in the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock worth $883,000 after purchasing an additional 458 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 86 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Down 0.9 %

Shares of XYL opened at $129.69 on Tuesday. The company has a 50-day simple moving average of $123.12 and a 200-day simple moving average of $127.15. The firm has a market capitalization of $31.51 billion, a P/E ratio of 35.43, a P/E/G ratio of 2.33 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. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on XYL. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

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.