Xylem Inc. (NYSE:XYL) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,372 shares of the industrial products company’s stock after purchasing an additional 802 shares during the period. PNC Financial Services Group Inc. owned approximately 0.06% of Xylem worth $16,510,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in Xylem during the fourth quarter valued at about $27,000. Orion Capital Management LLC acquired a new position in shares of Xylem in the 3rd quarter valued at $48,000. Spire Wealth Management lifted its stake in Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 382 shares in the last quarter. Advantage Trust Co purchased a new stake in Xylem in the 4th quarter worth about $57,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Xylem by 117.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 386 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL opened at $139.54 on Tuesday. The firm has a market capitalization of $33.83 billion, a P/E ratio of 49.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The stock’s 50 day moving average price is $136.90 and its two-hundred day moving average price is $125.16. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s revenue was up 40.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. On average, equities analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 30th. Xylem’s payout ratio is presently 51.25%.

Analyst Ratings Changes

XYL has been the subject of several research analyst reports. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. TD Cowen increased their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Robert W. Baird raised their price target on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Argus raised their price target on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Citigroup raised their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $142.92.

Insider Transactions at Xylem

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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.