Banco Santander S.A. Purchases New Shares in Xylem Inc. (NYSE:XYL)

Banco Santander S.A. bought a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,015 shares of the industrial products company's stock, valued at approximately $814,000.

Several other large investors also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich grew its position in Xylem by 139.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 436,415 shares of the industrial products company's stock valued at $53,991,000 after buying an additional 254,074 shares during the period. Andra AP fonden grew its position in Xylem by 15.7% during the fourth quarter. Andra AP fonden now owns 30,900 shares of the industrial products company's stock valued at $3,585,000 after buying an additional 4,200 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Xylem during the fourth quarter valued at approximately $294,000. Ashton Thomas Private Wealth LLC grew its position in Xylem by 30.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,723 shares of the industrial products company's stock valued at $432,000 after buying an additional 878 shares during the period. Finally, Callan Family Office LLC bought a new stake in Xylem during the fourth quarter valued at approximately $328,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of XYL stock traded down $0.64 during mid-day trading on Wednesday, hitting $122.99. The company had a trading volume of 1,117,979 shares, compared to its average volume of 1,205,165. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The stock's 50 day moving average price is $124.53 and its 200-day moving average price is $126.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market capitalization of $29.89 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.33 and a beta of 1.08.

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Xylem (NYSE:XYL - Get Free Report) last released its 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

Analyst Upgrades and Downgrades

XYL has been the subject of several recent research reports. Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.90.

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.