US Bancorp DE Sells 3,239 Shares of Xylem Inc. (NYSE:XYL)

US Bancorp DE decreased its holdings in Xylem Inc. (NYSE:XYL) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,179 shares of the industrial products company’s stock after selling 3,239 shares during the period. US Bancorp DE owned approximately 0.05% of Xylem worth $15,116,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Davis R M Inc. bought a new position in shares of Xylem during the fourth quarter valued at about $217,000. Dai ichi Life Insurance Company Ltd purchased a new position in Xylem in the 4th quarter worth approximately $13,617,000. Franklin Resources Inc. lifted its position in Xylem by 11.7% in the fourth quarter. Franklin Resources Inc. now owns 1,480,452 shares of the industrial products company’s stock valued at $169,304,000 after purchasing an additional 154,724 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Xylem by 23.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,655 shares of the industrial products company’s stock valued at $990,000 after purchasing an additional 1,625 shares during the period. Finally, Sachetta LLC purchased a new position in shares of Xylem in the fourth quarter worth $281,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their price target on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price target on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Mizuho lifted their price objective on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, BNP Paribas started coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.70.

Xylem Stock Performance

Shares of XYL stock opened at $144.25 on Friday. The company’s fifty day moving average price is $133.44 and its 200-day moving average price is $120.71. The stock has a market cap of $34.97 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 2.69 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted 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. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Xylem’s quarterly revenue was up 40.4% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $0.36 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.00%. Xylem’s payout ratio is currently 51.25%.

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.