M&T Bank Corp Has $23.82 Million Holdings in Xylem Inc. (NYSE:XYL)

M&T Bank Corp decreased its position in Xylem Inc. (NYSE:XYL) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 176,376 shares of the industrial products company’s stock after selling 1,181 shares during the period. M&T Bank Corp’s holdings in Xylem were worth $23,817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after buying an additional 5,817 shares in the last quarter. MML Investors Services LLC boosted its position in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the period. Groupama Asset Managment grew its stake in Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after acquiring an additional 7,723 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Xylem in the 3rd quarter valued at about $968,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Xylem by 9.3% during the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after purchasing an additional 137,883 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.6 %

Shares of Xylem stock opened at $117.14 on Friday. Xylem Inc. has a 12-month low of $109.39 and a 12-month high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $126.05 and a two-hundred day moving average price of $131.77. The stock has a market capitalization of $28.46 billion, a P/E ratio of 34.25, a PEG ratio of 2.22 and a beta of 1.05.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 annualized dividend and a yield of 1.23%. Xylem’s payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XYL. Stifel Nicolaus dropped their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Citigroup raised Xylem from a “neutral” rating to a “buy” rating and raised their price target for the stock from $135.00 to $148.00 in a research note on Monday, December 9th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.20.

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.