CoreFirst Bank & Trust Takes Position in Xylem Inc. (NYSE:XYL)

CoreFirst Bank & Trust purchased a new stake in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 779 shares of the industrial products company’s stock, valued at approximately $90,000.

Several other hedge funds have also bought and sold shares of XYL. Impax Asset Management Group plc raised its holdings 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 worth $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Xylem during the 4th quarter worth approximately $96,658,000. Victory Capital Management Inc. raised its stake in shares of Xylem by 42.9% in 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 purchasing an additional 698,745 shares during the last quarter. Swedbank AB lifted its holdings in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in shares of Xylem during the third quarter valued at approximately $68,593,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 2.1 %

Shares of XYL stock opened at $123.34 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $29.98 billion, a P/E ratio of 33.70, a PEG ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average of $125.50 and a 200-day moving average of $126.02. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XYL shares. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus cut their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.89.

Xylem 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.