Colonial Trust Co SC Sells 797 Shares of Xylem Inc. (NYSE:XYL)

Colonial Trust Co SC lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 56.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 622 shares of the industrial products company’s stock after selling 797 shares during the quarter. Colonial Trust Co SC’s holdings in Xylem were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Xylem in the 4th quarter valued at $219,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Xylem by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company’s stock worth $5,648,000 after acquiring an additional 331 shares during the last quarter. Czech National Bank lifted its stake in shares of Xylem by 6.5% during the fourth quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock valued at $6,111,000 after acquiring an additional 3,197 shares during the period. Finally, TT International Asset Management LTD boosted its holdings in Xylem by 70.5% in the fourth quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company’s stock valued at $2,976,000 after acquiring an additional 10,608 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $122.77 on Friday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.88 billion, a PE ratio of 33.54, a PEG ratio of 2.33 and a beta of 1.10. The stock’s fifty day simple moving average is $117.32 and its 200 day simple moving average is $121.55.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.90 EPS. Xylem’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of research reports. Robert W. Baird cut their target price 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. Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $146.88.

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.