Texas Bank & Trust Co Purchases New Holdings in Xylem Inc. (NYSE:XYL)

Texas Bank & Trust Co purchased a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,650 shares of the industrial products company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dempze Nancy E grew its position in shares of Xylem by 0.3% in the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after purchasing an additional 88 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after purchasing an additional 88 shares during the last quarter. Keel Point LLC grew its position in shares of Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 93 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after buying an additional 96 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after buying an additional 96 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

XYL traded down $1.25 during midday trading on Friday, reaching $124.02. 1,282,303 shares of the company's stock were exchanged, compared to its average volume of 1,418,083. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a one year low of $100.47 and a one year high of $144.41. The business has a 50-day simple moving average of $117.57 and a two-hundred day simple moving average of $121.50.

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

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Citigroup reduced their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird reduced their target price 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. Stifel Nicolaus raised their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.

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.