National Bank of Canada FI Has $13.20 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

National Bank of Canada FI trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,752 shares of the industrial products company’s stock after selling 10,383 shares during the period. National Bank of Canada FI’s holdings in Xylem were worth $13,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of XYL. HighPoint Advisor Group LLC lifted its position in shares of Xylem by 101.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,881 shares of the industrial products company’s stock worth $1,117,000 after purchasing an additional 4,480 shares in the last quarter. Franklin Resources Inc. lifted its position in Xylem by 6.3% in the 4th quarter. Franklin Resources Inc. now owns 1,698,768 shares of the industrial products company’s stock worth $197,091,000 after buying an additional 101,111 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Xylem by 0.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 389,290 shares of the industrial products company’s stock valued at $45,166,000 after buying an additional 2,936 shares during the period. Summit Financial LLC acquired a new stake in shares of Xylem during the 4th quarter valued at $675,000. Finally, AIA Group Ltd grew its holdings in shares of Xylem by 7.5% during the 4th quarter. AIA Group Ltd now owns 2,017 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 140 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on XYL shares. Robert W. Baird lifted their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus dropped their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Trading Down 5.9 %

Shares of XYL stock opened at $104.46 on Friday. Xylem Inc. has a 12 month low of $104.24 and a 12 month high of $146.08. The company has a market cap of $25.39 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $125.04 and its two-hundred day moving average is $125.35.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Xylem Company 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.