First Citizens Bank & Trust Co. Decreases Stock Holdings in Xylem Inc. (NYSE:XYL)

First Citizens Bank & Trust Co. lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 38.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,533 shares of the industrial products company's stock after selling 3,519 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Xylem were worth $661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Vanguard Group Inc. boosted its stake in Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. Geode Capital Management LLC grew its stake in Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after buying an additional 135,492 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Xylem by 231.5% during 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 buying an additional 3,883,845 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after acquiring an additional 320,500 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock valued at $465,229,000 after buying an additional 359,276 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on XYL shares. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Royal Bank of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus boosted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Stock Performance

XYL traded up $0.09 during trading on Thursday, reaching $127.11. 227,353 shares of the company's stock were exchanged, compared to its average volume of 1,395,681. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. 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 company has a market capitalization of $30.93 billion, a P/E ratio of 34.73, a PEG ratio of 2.33 and a beta of 1.13. The business has a 50 day moving average price of $119.60 and a 200 day moving average price of $121.76.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's payout ratio is currently 43.01%.

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.