Banco Santander S.A. Purchases Shares of 7,015 Xylem Inc. (NYSE:XYL)

Banco Santander S.A. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,015 shares of the industrial products company’s stock, valued at approximately $814,000.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in Xylem by 139.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 436,415 shares of the industrial products company’s stock valued at $53,991,000 after buying an additional 254,074 shares during the last quarter. Andra AP fonden boosted its holdings in Xylem by 15.7% in the 4th quarter. Andra AP fonden now owns 30,900 shares of the industrial products company’s stock worth $3,585,000 after buying an additional 4,200 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Xylem in the 4th quarter worth approximately $294,000. Ashton Thomas Private Wealth LLC boosted its holdings in Xylem by 30.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,723 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 878 shares during the period. Finally, Callan Family Office LLC bought a new position in Xylem in the 4th quarter valued at $328,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of several research reports. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird lifted 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Price Performance

Shares of Xylem stock opened at $130.79 on Monday. The firm has a market cap of $31.79 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $124.00 and its two-hundred day simple moving average is $127.00.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for 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 company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This is a positive change 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 dividend yield of 1.22%. Xylem’s payout ratio is presently 43.72%.

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.