Xylem Inc. (NYSE:XYL) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,426 shares of the industrial products company's stock after selling 39,639 shares during the period. Bank of Nova Scotia's holdings in Xylem were worth $3,762,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Xylem by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the period. Geode Capital Management LLC boosted its position in shares of Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after buying an additional 135,492 shares during the period. Impax Asset Management Group plc grew its stake in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after buying an additional 359,276 shares during the period. Finally, Swedbank AB raised its holdings in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stifel Nicolaus cut their price objective on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday. Finally, 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 report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.33.

Xylem Stock Up 1.2 %

Shares of NYSE XYL traded up $1.34 during midday trading on Friday, reaching $110.53. 2,154,926 shares of the company's stock traded hands, compared to its average volume of 1,388,053. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. 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 stock's 50 day simple moving average is $121.03 and its 200-day simple moving average is $123.40.

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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. On average, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. 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.