Xylem Inc. (NYSE:XYL) Position Lessened by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in Xylem Inc. (NYSE:XYL) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,841 shares of the industrial products company’s stock after selling 159 shares during the quarter. CENTRAL TRUST Co’s holdings in Xylem were worth $578,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XYL. Impax Asset Management Group plc grew its stake in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Norges Bank bought a new stake in Xylem in the fourth quarter worth approximately $302,734,000. Northern Trust Corp increased its stake in shares of Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock worth $379,204,000 after purchasing an additional 966,399 shares during the last quarter. AMF Tjanstepension AB acquired a new position in shares of Xylem during the 4th quarter worth $96,658,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Xylem during the 1st quarter valued at $89,828,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Down 0.2%

Shares of Xylem stock opened at $125.07 on Thursday. The company has a market cap of $30.44 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.28 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company’s fifty day simple moving average is $121.60 and its 200-day simple moving average is $121.76. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem’s payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XYL shares. Royal Bank Of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a “hold” rating in a report on Thursday, May 15th. Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Citigroup decreased their price objective on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.71.

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.