Bank of Montreal Can Increases Stake in Xylem Inc. (NYSE:XYL)

Bank of Montreal Can grew its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 74.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,759 shares of the industrial products company's stock after buying an additional 263,794 shares during the quarter. Bank of Montreal Can owned 0.25% of Xylem worth $71,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dempze Nancy E grew its stake in Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after purchasing an additional 88 shares during the period. Clear Creek Financial Management LLC boosted its stake in Xylem by 4.3% in 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 acquiring an additional 96 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after acquiring an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Xylem by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock worth $913,000 after purchasing an additional 98 shares during the last quarter. Finally, Mcrae Capital Management Inc. raised its holdings in shares of Xylem by 2.9% in the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock worth $415,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

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Analysts Set New Price Targets

XYL has been the subject of several research reports. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Robert W. Baird upped their price target 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

Xylem Price Performance

Xylem stock traded up $0.55 during midday trading on Monday, hitting $109.61. 240,563 shares of the company's stock were exchanged, compared to its average volume of 1,372,056. The company has a market cap of $26.67 billion, a P/E ratio of 29.95, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a 50-day moving average price of $122.72 and a two-hundred day moving average price of $123.95. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating 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 last year, the firm posted $0.99 earnings per share. Xylem's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 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.