Xylem Inc. (NYSE:XYL) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in Xylem Inc. by 27.5% during the first quarter, now owning approximately 150,184 shares worth about $17.94 million.
• Several brokerages have set price targets for Xylem, with Citigroup raising its target to $152.00, reflecting positive analyst sentiment towards the stock.
• Xylem reported a quarterly revenue increase of 6.1% year-over-year, posting an EPS of $1.26, exceeding analysts' expectations.

US Bancorp DE increased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 27.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,184 shares of the industrial products company's stock after buying an additional 32,406 shares during the quarter. US Bancorp DE owned about 0.06% of Xylem worth $17,941,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Xylem by 7.9% during the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after buying an additional 320,500 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Xylem by 9.8% during 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Xylem by 8.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after buying an additional 301,070 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after buying an additional 966,399 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Xylem by 0.7% during the first quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company's stock valued at $279,747,000 after buying an additional 15,740 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL stock traded down $0.56 during mid-day trading on Tuesday, hitting $143.41. 1,082,407 shares of the stock were exchanged, compared to its average volume of 1,146,266. The firm has a fifty day moving average of $129.83 and a 200 day moving average of $124.55. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The company has a market cap of $34.91 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) 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 analyst estimates of $2.20 billion. During the same period in the prior year, the company posted $1.09 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is 41.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XYL. UBS Group boosted their price objective on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday. Stifel Nicolaus upped their price target on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday. Robert W. Baird lowered their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Citigroup reaffirmed a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.