First American Trust FSB Increases Position in Xylem Inc. (NYSE:XYL)

Key Points

• First American Trust FSB increased its stake in Xylem Inc. by 4.2% in the first quarter, owning 44,653 shares worth approximately $5.3 million.
• Xylem reported earnings of $1.26 per share for the last quarter, exceeding analysts' expectations of $1.15, and achieved a revenue of $2.30 billion, a 6.1% increase year-over-year.
• The company declared a quarterly dividend of $0.40, resulting in an annualized dividend of $1.60 and a yield of 1.1%.

First American Trust FSB boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,653 shares of the industrial products company's stock after purchasing an additional 1,812 shares during the quarter. First American Trust FSB's holdings in Xylem were worth $5,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new stake in Xylem in the first quarter worth about $694,000. Farther Finance Advisors LLC grew its holdings in Xylem by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares during the period. NBC Securities Inc. purchased a new stake in Xylem in the first quarter worth about $72,000. Cambridge Investment Research Advisors Inc. grew its holdings in Xylem by 19.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock worth $3,251,000 after purchasing an additional 4,429 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Xylem by 29.1% in the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock worth $507,000 after purchasing an additional 956 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Xylem stock traded up $0.52 during midday trading on Tuesday, reaching $143.39. 867,664 shares of the company traded hands, compared to its average volume of 1,117,068. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. The business has a 50 day moving average of $131.90 and a two-hundred day moving average of $125.44.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm earned $1.09 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's dividend payout ratio is 41.56%.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. UBS Group reiterated a "buy" rating and issued a $168.00 target price (up previously from $164.00) on shares of Xylem in a research note on Tuesday, August 5th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank Of Canada upped their target price 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. Stifel Nicolaus upped their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Citigroup restated a "buy" rating and set a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $151.57.

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.