National Bank of Canada FI Raises Stake in Xylem Inc. (NYSE:XYL)

National Bank of Canada FI increased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 82.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,135 shares of the industrial products company's stock after purchasing an additional 56,153 shares during the period. National Bank of Canada FI owned 0.05% of Xylem worth $16,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Brookfield Corp ON lifted its position in Xylem by 6.0% during the 3rd quarter. Brookfield Corp ON now owns 16,869 shares of the industrial products company's stock worth $2,278,000 after acquiring an additional 957 shares during the period. EP Wealth Advisors LLC boosted its position in Xylem by 11.3% in the third quarter. EP Wealth Advisors LLC now owns 160,589 shares of the industrial products company's stock valued at $21,684,000 after buying an additional 16,301 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Xylem by 259.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 23,759 shares of the industrial products company's stock worth $3,208,000 after buying an additional 17,141 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in Xylem during the 3rd quarter worth approximately $7,137,000. Finally, Wahed Invest LLC lifted its stake in Xylem by 12.1% during the 3rd quarter. Wahed Invest LLC now owns 5,867 shares of the industrial products company's stock valued at $792,000 after acquiring an additional 632 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on XYL shares. Royal Bank of Canada decreased their target price on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price target for the company. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup raised shares of Xylem from a "neutral" rating to a "buy" rating and lifted their target price for the company from $135.00 to $148.00 in a report on Monday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Xylem has an average rating of "Moderate Buy" and an average price target of $150.45.

Xylem Price Performance

Shares of NYSE XYL traded down $0.78 during midday trading on Tuesday, hitting $128.57. The stock had a trading volume of 1,741,077 shares, compared to its average volume of 1,235,234. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $106.24 and a 1 year high of $146.08. The company has a market capitalization of $31.24 billion, a PE ratio of 37.82, a P/E/G ratio of 2.33 and a beta of 1.05. The stock has a 50 day simple moving average of $128.56 and a 200-day simple moving average of $132.93.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. On average, sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. Xylem's payout ratio is 42.11%.

Xylem 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.