Xylem Inc. (NYSE:XYL) Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in shares of Xylem Inc. (NYSE:XYL) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 9,052 shares of the industrial products company’s stock after acquiring an additional 546 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Xylem were worth $1,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Xylem by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 47,549 shares of the industrial products company’s stock valued at $5,517,000 after buying an additional 536 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Xylem by 5.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,351 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 165 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Xylem by 226.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,452 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 19,728 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Xylem by 11.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,774 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 188 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Xylem by 24.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,901 shares of the industrial products company’s stock worth $5,558,000 after purchasing an additional 9,474 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

XYL stock opened at $121.53 on Monday. The company has a market capitalization of $29.53 billion, a P/E ratio of 35.54, a PEG ratio of 2.05 and a beta of 1.06. Xylem Inc. has a twelve month low of $111.72 and a twelve month high of $146.08. The business has a 50 day simple moving average of $120.88 and a 200-day simple moving average of $128.32. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Citigroup reduced their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen cut their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.50.

Xylem Company 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.