Xylem Inc. (NYSE:XYL) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its stake in Xylem Inc. (NYSE:XYL) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,250 shares of the industrial products company’s stock after selling 800 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Xylem were worth $1,073,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Bangor Savings Bank lifted its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem in the 2nd quarter valued at $33,000. Assetmark Inc. grew its stake in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Versant Capital Management Inc increased its holdings in Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after buying an additional 280 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XYL shares. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Robert W. Baird reduced their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and boosted their price target for the company from $135.00 to $148.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Stock Performance

Shares of XYL stock opened at $117.18 on Friday. The stock’s 50-day moving average price is $122.72 and its 200 day moving average price is $130.27. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.47 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. Xylem Inc. has a 52-week low of $109.39 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.