Fulton Bank N.A. Takes Position in Xylem Inc. (NYSE:XYL)

Fulton Bank N.A. acquired a new position in Xylem Inc. (NYSE:XYL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,889 shares of the industrial products company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bangor Savings Bank raised its holdings in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem during the second quarter worth $33,000. Assetmark Inc. grew its holdings in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 280 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 1.7 %

Shares of Xylem stock opened at $113.94 on Friday. The business has a fifty day simple moving average of $121.65 and a 200 day simple moving average of $129.40. The stock has a market cap of $27.68 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $109.39 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in on XYL shares. Stifel Nicolaus reduced their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird decreased their target price on shares of 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 dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $148.00 in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target 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.