PNC Financial Services Group Inc. Sells 1,230 Shares of Xylem Inc. (NYSE:XYL)

PNC Financial Services Group Inc. lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,764 shares of the industrial products company’s stock after selling 1,230 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of Xylem worth $16,912,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XYL. Impax Asset Management Group plc raised its stake in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after buying an additional 698,745 shares during the last quarter. Swedbank AB increased its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Xylem during the third quarter worth $68,593,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Xylem in the third quarter valued at $52,169,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL opened at $128.34 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market capitalization of $31.19 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business has a fifty day simple moving average of $124.24 and a 200 day simple moving average of $126.95. 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 analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XYL shares. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.90.

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.