CoreFirst Bank & Trust Acquires New Shares in Xylem Inc. (NYSE:XYL)

CoreFirst Bank & Trust bought a new position in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 779 shares of the industrial products company’s stock, valued at approximately $90,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Trust N.A. boosted its position in Xylem by 14.8% in the third quarter. Raymond James Trust N.A. now owns 2,200 shares of the industrial products company’s stock valued at $297,000 after buying an additional 284 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Xylem by 18.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 4,134 shares of the industrial products company’s stock valued at $559,000 after acquiring an additional 652 shares in the last quarter. Cerity Partners LLC grew its position in Xylem by 22.9% during the 3rd quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock worth $15,534,000 after acquiring an additional 21,464 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Xylem by 12.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 973 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 108 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Xylem in the third quarter valued at about $55,000. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on XYL. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price target 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. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Performance

XYL stock opened at $123.34 on Wednesday. The firm has a market cap of $29.98 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $125.50 and a 200-day moving average price of $126.02. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

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.