M&T Bank Corp Sells 4,378 Shares of Xylem Inc. (NYSE:XYL)

M&T Bank Corp lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,998 shares of the industrial products company’s stock after selling 4,378 shares during the quarter. M&T Bank Corp owned approximately 0.07% of Xylem worth $19,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake 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 during the period. Clear Creek Financial Management LLC grew its stake in Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. Bleakley Financial Group LLC grew its stake in Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Xylem by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 98 shares during the period. Finally, Mcrae Capital Management Inc. grew its stake in Xylem by 2.9% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 100 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

NYSE XYL opened at $129.74 on Thursday. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The stock has a 50-day moving average of $123.29 and a 200 day moving average of $127.10. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 35.45, a PEG 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 (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $0.99 EPS. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. Xylem’s payout ratio is presently 43.72%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.