Colonial Trust Co SC Sells 797 Shares of Xylem Inc. (NYSE:XYL)

Colonial Trust Co SC decreased its position in Xylem Inc. (NYSE:XYL) by 56.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 622 shares of the industrial products company’s stock after selling 797 shares during the period. Colonial Trust Co SC’s holdings in Xylem were worth $72,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new position in Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $36,000. SRS Capital Advisors Inc. raised its holdings in Xylem by 69.5% during the fourth 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 in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

NYSE:XYL opened at $122.77 on Friday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. 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 firm’s 50-day simple moving average is $117.32 and its 200 day simple moving average is $121.55. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on XYL. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Royal Bank of Canada raised their target price on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird reduced their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.88.

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.