Wilmington Savings Fund Society FSB Takes $2.49 Million Position in Xylem Inc. (NYSE:XYL)

Wilmington Savings Fund Society FSB purchased a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,452 shares of the industrial products company’s stock, valued at approximately $2,492,000.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after buying an additional 5,817 shares during the last quarter. Victory Capital Management Inc. raised its position in Xylem by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after buying an additional 137,883 shares during the last quarter. Groupama Asset Managment boosted its holdings in shares of Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after acquiring an additional 7,723 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Xylem by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock valued at $73,920,000 after acquiring an additional 77,639 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Xylem by 22.9% in the third quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock worth $15,534,000 after acquiring an additional 21,464 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of NYSE:XYL opened at $120.60 on Friday. The firm’s 50 day simple moving average is $127.72 and its two-hundred day simple moving average is $132.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The company has a market capitalization of $29.30 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.23 and a beta of 1.05. Xylem Inc. has a 1-year low of $109.38 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Research analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

XYL has been the topic of several research reports. Robert W. Baird dropped their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reduced their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Citigroup upgraded shares of Xylem from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $148.00 in a research note on Monday, December 9th. Finally, TD Cowen cut their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $152.20.

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.