Eastern Bank Sells 2,437 Shares of Xylem Inc. (NYSE:XYL)

Eastern Bank decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,216 shares of the industrial products company’s stock after selling 2,437 shares during the quarter. Eastern Bank’s holdings in Xylem were worth $3,274,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. City Holding Co. boosted its holdings in Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Xylem by 0.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 78 shares in the last quarter. Bangor Savings Bank grew its position in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Angeles Wealth Management LLC raised its stake in Xylem by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 1.4 %

Xylem stock traded up $1.62 during mid-day trading on Monday, hitting $115.64. 726,026 shares of the company’s stock were exchanged, compared to its average volume of 1,064,033. Xylem Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $146.08. 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 firm has a market capitalization of $28.09 billion, a P/E ratio of 33.81, a PEG ratio of 2.22 and a beta of 1.06. The company’s 50 day simple moving average is $121.65 and its 200-day simple moving average is $129.35.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, equities analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.25%. Xylem’s payout ratio is currently 42.11%.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Citigroup cut their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus decreased their target price on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Three 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 a consensus rating of “Moderate Buy” and an average target price of $152.10.

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.