Xylem Inc. (NYSE:XYL) Shares Bought by First American Trust FSB

First American Trust FSB grew its position in Xylem Inc. (NYSE:XYL) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,841 shares of the industrial products company’s stock after purchasing an additional 628 shares during the period. First American Trust FSB’s holdings in Xylem were worth $4,970,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in Xylem in the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 2.1 %

Shares of NYSE:XYL opened at $120.96 on Tuesday. The firm has a market capitalization of $29.40 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business’s 50 day moving average price is $125.34 and its 200-day moving average price is $126.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. Xylem’s dividend payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.