Wilmington Savings Fund Society FSB Makes New $2.49 Million Investment in Xylem Inc. (NYSE:XYL)

Wilmington Savings Fund Society FSB bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,452 shares of the industrial products company's stock, valued at approximately $2,492,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Bangor Savings Bank raised its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Xylem during the second quarter worth $33,000. Blue Trust Inc. raised its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after acquiring an additional 249 shares in the last quarter. Assetmark Inc. lifted its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 311 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 235 shares during the period. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research report on Thursday. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Finally, Citigroup upgraded shares of Xylem from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $135.00 to $148.00 in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $152.20.

Xylem Trading Down 0.4 %

NYSE:XYL traded down $0.47 during trading hours on Friday, hitting $120.60. 1,353,557 shares of the company were exchanged, compared to its average volume of 1,567,121. The company has a fifty day simple moving average of $127.72 and a 200 day simple moving average of $132.51. Xylem Inc. has a one year low of $109.38 and a one year high of $146.08. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. Sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. Xylem's dividend payout ratio (DPR) is presently 42.11%.

About Xylem

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.