Xylem Inc. (NYSE:XYL) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its holdings in Xylem Inc. (NYSE:XYL) by 23.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,424 shares of the industrial products company’s stock after buying an additional 465 shares during the period. Citizens Financial Group Inc. RI’s holdings in Xylem were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after buying an additional 220 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of Xylem during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Oppenheimer boosted their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Robert W. Baird raised their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Stock Performance

Shares of XYL opened at $132.86 on Thursday. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 2.34 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $133.85 and its two-hundred day moving average is $134.08. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. Analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

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.