Enterprise Financial Services Corp Has $360,000 Holdings in Xylem Inc. (NYSE:XYL)

Enterprise Financial Services Corp lessened its holdings in shares of Xylem Inc. (NYSE:XYL – Get Rating) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,004 shares of the industrial products company’s stock after selling 507 shares during the quarter. Enterprise Financial Services Corp’s holdings in Xylem were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Atlanta Capital Management Co. L L C raised its stake in Xylem by 0.7% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,510,183 shares of the industrial products company’s stock worth $181,101,000 after buying an additional 10,409 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Xylem by 12.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 85,826 shares of the industrial products company’s stock worth $10,291,000 after purchasing an additional 9,258 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Xylem by 70.9% during the 4th quarter. Gotham Asset Management LLC now owns 4,983 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 2,067 shares in the last quarter. Fiduciary Trust Co. increased its holdings in Xylem by 36.1% during the 4th quarter. Fiduciary Trust Co. now owns 9,369 shares of the industrial products company’s stock worth $1,123,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in Xylem by 7.5% during the 4th quarter. Hilltop Holdings Inc. now owns 5,214 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 363 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

XYL has been the subject of a number of research reports. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 5th. Mizuho lowered their target price on Xylem from $115.00 to $85.00 in a report on Friday, May 6th. TheStreet cut Xylem from a “b” rating to a “c+” rating in a report on Monday, February 7th. Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating and set a $89.00 price objective for the company in a report on Thursday, May 12th. Finally, Stifel Nicolaus decreased their price objective on Xylem from $100.00 to $90.00 and set a “hold” rating for the company in a report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $111.90.

In other news, SVP Colin R. Sabol sold 4,233 shares of Xylem stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $83.05, for a total value of $351,550.65. Following the completion of the sale, the senior vice president now directly owns 27,373 shares in the company, valued at $2,273,327.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by insiders.

XYL stock traded down $2.52 during mid-day trading on Wednesday, hitting $79.43. 11,967 shares of the company were exchanged, compared to its average volume of 1,389,321. The business has a 50 day simple moving average of $84.93 and a 200-day simple moving average of $100.37. The company has a current ratio of 1.62, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $14.30 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.68 and a beta of 1.08. Xylem Inc. has a 1-year low of $79.28 and a 1-year high of $138.78.

Xylem (NYSE:XYL – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Xylem had a net margin of 8.10% and a return on equity of 13.80%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. Equities research analysts expect that Xylem Inc. will post 2.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, May 26th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Xylem’s payout ratio is 51.72%.

Xylem Company Profile (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

Recommended Stories