Camden National Bank Has $10.51 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Camden National Bank trimmed its holdings in Xylem Inc. (NYSE:XYL) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,849 shares of the industrial products company’s stock after selling 3,292 shares during the quarter. Xylem comprises about 1.5% of Camden National Bank’s portfolio, making the stock its 28th biggest position. Camden National Bank’s holdings in Xylem were worth $10,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB acquired a new position in Xylem during the 1st quarter worth approximately $311,684,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem during the 3rd quarter worth approximately $52,169,000. LPL Financial LLC raised its stake in Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares during the period. TCW Group Inc. raised its stake in Xylem by 189.2% during the 2nd quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after buying an additional 206,350 shares during the period. Finally, Marshall Wace LLP raised its stake in Xylem by 433.0% during the 2nd quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after buying an additional 186,105 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XYL. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen lowered their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Stock Performance

XYL stock opened at $126.88 on Friday. The firm has a market cap of $30.83 billion, a PE ratio of 37.10, a P/E/G ratio of 2.31 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $130.14 and a 200-day moving average of $134.31. Xylem Inc. has a 12-month low of $102.42 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 42.11%.

Xylem Company 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.