Banco Santander S.A. Takes $814,000 Position in Xylem Inc. (NYSE:XYL)

Banco Santander S.A. bought a new stake in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,015 shares of the industrial products company’s stock, valued at approximately $814,000.

Several other hedge funds have also bought and sold shares of XYL. Farther Finance Advisors LLC raised its holdings in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 87 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock valued at $913,000 after buying an additional 98 shares during the last quarter. Finally, Mcrae Capital Management Inc. increased its holdings in Xylem by 2.9% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after buying an additional 100 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $130.79 on Monday. The firm has a market cap of $31.79 billion, a P/E ratio of 35.74, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The company has a 50 day simple moving average of $124.00 and a two-hundred day simple moving average of $127.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s dividend payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of brokerages have commented on XYL. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

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.