Montecito Bank & Trust Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Montecito Bank & Trust lowered its position in shares of Xylem Inc. (NYSE:XYLFree Report) by 35.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,690 shares of the industrial products company’s stock after selling 914 shares during the quarter. Montecito Bank & Trust’s holdings in Xylem were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new position in Xylem in the fourth quarter worth $27,000. Orion Capital Management LLC bought a new stake in shares of Xylem during the 3rd quarter worth $48,000. Spire Wealth Management boosted its holdings in shares of Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after buying an additional 382 shares during the last quarter. Advantage Trust Co bought a new position in Xylem during the fourth quarter valued at about $57,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Xylem by 117.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of research analyst reports. BNP Paribas assumed coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Robert W. Baird raised their target price on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Citigroup upped their price target on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen lifted their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Mizuho boosted their price objective on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

View Our Latest Analysis on Xylem

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem Price Performance

Xylem stock traded down $1.13 during midday trading on Thursday, hitting $139.24. 619,424 shares of the company’s stock were exchanged, compared to its average volume of 1,212,091. The company has a market cap of $33.76 billion, a P/E ratio of 49.62, a PEG ratio of 2.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The stock has a 50-day moving average price of $137.37 and a two-hundred day moving average price of $125.51. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08.

Xylem (NYSE:XYLGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. Xylem’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem’s dividend payout ratio is currently 51.25%.

About Xylem

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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