Rockland Trust Co. Grows Stake in Xylem Inc. (NYSE:XYL)

Rockland Trust Co. boosted its stake in Xylem Inc. (NYSE:XYL) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,176 shares of the industrial products company’s stock after acquiring an additional 111 shares during the period. Rockland Trust Co.’s holdings in Xylem were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Perkins Coie Trust Co bought a new position in Xylem in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the fourth quarter valued at approximately $36,000. Finally, Pathway Financial Advisers LLC boosted its position in shares of 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 in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of NYSE:XYL opened at $125.35 on Friday. 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 has a market cap of $30.50 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The business has a 50-day simple moving average of $120.52 and a two-hundred day simple moving average of $121.76. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem’s payout ratio is currently 43.01%.

Analysts Set New Price Targets

XYL has been the subject of several recent research reports. Raymond James raised Xylem to a “hold” rating in a research report on Thursday, May 15th. Royal Bank of Canada boosted their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

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.