Charter Trust Co. lessened its holdings in Xylem Inc (NYSE:XYL) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the industrial products company’s stock after selling 1,287 shares during the quarter. Charter Trust Co.’s holdings in Xylem were worth $332,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of XYL. Norges Bank bought a new position in Xylem in the 4th quarter valued at approximately $274,648,000. BlackRock Inc. raised its holdings in Xylem by 15.9% in the 1st quarter. BlackRock Inc. now owns 16,296,299 shares of the industrial products company’s stock valued at $1,061,377,000 after buying an additional 2,241,395 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Xylem by 76.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,907,364 shares of the industrial products company’s stock worth $124,226,000 after purchasing an additional 825,441 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Xylem by 10.1% during the 4th quarter. Pictet Asset Management Ltd. now owns 4,899,464 shares of the industrial products company’s stock worth $386,029,000 after purchasing an additional 449,036 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Xylem by 11.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,184,949 shares of the industrial products company’s stock worth $172,152,000 after purchasing an additional 221,479 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.
NYSE XYL traded down $3.63 during mid-day trading on Thursday, hitting $64.88. The company’s stock had a trading volume of 49,216 shares, compared to its average volume of 1,429,880. The company’s 50 day simple moving average is $66.10 and its 200 day simple moving average is $74.30. Xylem Inc has a twelve month low of $54.62 and a twelve month high of $89.34. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 3.69 and a beta of 1.03.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.14). Xylem had a net margin of 7.01% and a return on equity of 17.08%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, research analysts forecast that Xylem Inc will post 1.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, May 27th. Xylem’s dividend payout ratio (DPR) is presently 34.44%.
Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Xylem from $87.00 to $79.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Citigroup lowered their price target on shares of Xylem from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Rosenblatt Securities restated a “hold” rating and set a $70.00 price target (up previously from $63.00) on shares of Xylem in a report on Wednesday, June 3rd. Cowen lowered their price target on shares of Xylem from $65.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, May 7th. Finally, Janney Montgomery Scott raised their price objective on shares of Xylem from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $68.21.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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