Xylem Inc. (NYSE:XYL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its holdings in Xylem Inc. (NYSE:XYL) by 3.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,933 shares of the industrial products company’s stock after selling 115 shares during the quarter. First Hawaiian Bank’s holdings in Xylem were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fulton Bank N.A. purchased a new position in Xylem in the 4th quarter worth approximately $219,000. Diversified Trust Co lifted its position in Xylem by 6.3% during the fourth quarter. Diversified Trust Co now owns 13,468 shares of the industrial products company’s stock worth $1,563,000 after buying an additional 795 shares in the last quarter. Nordea Investment Management AB boosted its stake in Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares during the last quarter. Versant Capital Management Inc grew its holdings in Xylem by 318.2% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Xylem by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,120 shares of the industrial products company’s stock worth $167,455,000 after acquiring an additional 154,197 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYL has been the topic of several recent research reports. 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. Robert W. Baird dropped their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus reduced their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. TD Cowen lowered their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.20.

Xylem Trading Down 1.7 %

Shares of NYSE XYL opened at $113.94 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $27.68 billion, a PE ratio of 33.32, a PEG ratio of 2.22 and a beta of 1.06. Xylem Inc. has a twelve month low of $109.39 and a twelve month high of $146.08. The stock has a fifty day simple moving average of $121.65 and a 200-day simple moving average of $129.40.

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

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.26%. Xylem’s dividend payout ratio (DPR) 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.