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

Wilmington Savings Fund Society FSB bought a new position in Xylem Inc. (NYSE:XYL) during the third quarter, Holdings Channel reports. The firm bought 18,452 shares of the industrial products company’s stock, valued at approximately $2,492,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. City Holding Co. boosted its position in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Xylem by 0.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after buying an additional 82 shares during the last quarter. Bangor Savings Bank raised its position in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

Shares of NYSE:XYL opened at $120.60 on Friday. The firm’s 50 day simple moving average is $127.72 and its 200-day simple moving average is $132.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a one year low of $109.38 and a one year high of $146.08. The firm has a market cap of $29.30 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

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

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XYL shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday. Citigroup upgraded Xylem from a “neutral” rating to a “buy” rating and raised their price target for the stock from $135.00 to $148.00 in a research report on Monday, December 9th. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.