Atlantic Union Bankshares Corp Decreases Position in Xylem Inc. (NYSE:XYL)

Atlantic Union Bankshares Corp reduced its stake in Xylem Inc. (NYSE:XYL) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,855 shares of the industrial products company’s stock after selling 3,181 shares during the period. Atlantic Union Bankshares Corp’s holdings in Xylem were worth $1,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new stake in Xylem during the 4th quarter worth $36,000. Pathway Financial Advisers LLC boosted its stake in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. SRS Capital Advisors Inc. grew its position in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Xylem by 3,887.5% in 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 period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on XYL shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus decreased their price target on 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 boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Up 1.4 %

XYL opened at $130.79 on Friday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $31.79 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.33 and a beta of 1.08. The stock’s 50 day moving average price is $124.00 and its 200 day moving average price is $127.06. 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 released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS 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 business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed 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 boost 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 yield of 1.22%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

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.