Atlantic Union Bankshares Corp Sells 3,181 Shares of Xylem Inc. (NYSE:XYL)

Atlantic Union Bankshares Corp lessened its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,855 shares of the industrial products company's stock after selling 3,181 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Xylem were worth $1,723,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XYL. Rialto Wealth Management LLC purchased a new stake in shares of Xylem during the 4th quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC raised its position in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after acquiring an additional 130 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.90.

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Xylem Price Performance

Shares of Xylem stock traded down $0.64 on Wednesday, hitting $122.99. 1,117,979 shares of the company traded hands, compared to its average volume of 1,204,466. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The business has a 50-day simple moving average of $124.39 and a 200 day simple moving average of $126.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $29.89 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Xylem's dividend payout ratio is 43.72%.

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.