M&T Bank Corp Decreases Stock Holdings in Xylem Inc. (NYSE:XYL)

M&T Bank Corp decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,441 shares of the industrial products company's stock after selling 17,557 shares during the period. M&T Bank Corp owned 0.06% of Xylem worth $18,450,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Dempze Nancy E grew its stake in shares of Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after buying an additional 88 shares during the period. Townsquare Capital LLC boosted its position in shares of Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after purchasing an additional 88 shares during the period. Center for Financial Planning Inc. boosted its position in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the period. Keel Point LLC boosted its position in shares of Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after purchasing an additional 93 shares during the period. Finally, SageView Advisory Group LLC boosted its position in shares of Xylem by 3.6% during the 4th quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock worth $324,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $143.71.

Xylem Stock Down 0.5%

Shares of NYSE:XYL traded down $0.64 during trading on Friday, hitting $130.96. The company's stock had a trading volume of 1,078,928 shares, compared to its average volume of 1,418,532. The business has a 50 day moving average price of $127.00 and a two-hundred day moving average price of $122.55. The company has a market capitalization of $31.87 billion, a PE ratio of 35.20, a P/E/G ratio of 2.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Xylem's dividend payout ratio (DPR) is currently 43.01%.

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.