Citizens Financial Group Inc RI lifted its holdings in Xylem Inc (NYSE:XYL) by 31.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,922 shares of the industrial products company’s stock after buying an additional 460 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Xylem were worth $125,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of XYL. Clear Harbor Asset Management LLC bought a new position in shares of Xylem in the 4th quarter worth about $28,000. Wealthcare Advisory Partners LLC lifted its position in shares of Xylem by 61.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 393 shares of the industrial products company’s stock worth $31,000 after buying an additional 150 shares during the last quarter. Filbrandt Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter worth about $33,000. Signaturefd LLC lifted its position in shares of Xylem by 60.2% in the 1st quarter. Signaturefd LLC now owns 564 shares of the industrial products company’s stock worth $37,000 after buying an additional 212 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Xylem by 69.4% in the 4th quarter. Meeder Asset Management Inc. now owns 488 shares of the industrial products company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 85.26% of the company’s stock.
A number of analysts recently weighed in on XYL shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $82.00 price objective (up previously from $78.00) on shares of Xylem in a report on Friday, February 7th. Zacks Investment Research cut shares of Xylem from a “hold” rating to a “sell” rating and set a $73.00 price objective on the stock. in a report on Monday, April 27th. Credit Suisse Group dropped their price objective on shares of Xylem from $59.00 to $55.00 and set an “underperform” rating on the stock in a report on Wednesday, May 6th. Atlantic Securities cut shares of Xylem from an “overweight” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a report on Tuesday, March 31st. Finally, Citigroup dropped their price objective on shares of Xylem from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. Xylem presently has a consensus rating of “Hold” and a consensus target price of $67.64.
Shares of NYSE XYL opened at $62.22 on Friday. The firm’s 50-day simple moving average is $65.71 and its 200 day simple moving average is $75.25. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 3.14 and a beta of 1.07. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.72. Xylem Inc has a 12-month low of $54.62 and a 12-month high of $89.34.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Xylem had a return on equity of 17.08% and a net margin of 7.01%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, equities analysts expect that Xylem Inc will post 1.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.04 annualized dividend and a yield of 1.67%. Xylem’s dividend payout ratio is currently 34.44%.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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