Xylem Inc. (NYSE:XYL) Shares Acquired by Berkshire Bank

Berkshire Bank increased its stake in shares of Xylem Inc. (NYSE:XYLFree Report) by 19.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,658 shares of the industrial products company’s stock after purchasing an additional 769 shares during the quarter. Berkshire Bank’s holdings in Xylem were worth $602,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Xylem during the fourth quarter worth approximately $27,000. NBC Securities Inc. purchased a new stake in shares of Xylem during the 3rd quarter worth $38,000. Orion Capital Management LLC purchased a new position in Xylem in the third quarter valued at $48,000. Spire Wealth Management raised its stake in Xylem by 370.9% in the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares in the last quarter. Finally, Advantage Trust Co acquired a new stake in Xylem in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Stifel Nicolaus upped their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $140.70.

View Our Latest Stock Analysis on XYL

Xylem Stock Performance

Shares of NYSE XYL traded up $0.18 during mid-day trading on Tuesday, hitting $145.95. 957,301 shares of the company were exchanged, compared to its average volume of 1,190,387. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The firm has a market cap of $35.39 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08. The stock has a 50 day simple moving average of $132.44 and a 200-day simple moving average of $119.87. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08.

Xylem (NYSE:XYLGet Free Report) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 0.99%. Xylem’s dividend payout ratio is currently 51.25%.

About Xylem

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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