National Bank of Canada FI Decreases Position in Xylem Inc. (NYSE:XYL)

National Bank of Canada FI trimmed its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,752 shares of the industrial products company's stock after selling 10,383 shares during the quarter. National Bank of Canada FI's holdings in Xylem were worth $13,198,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in XYL. Impax Asset Management Group plc boosted its stake in 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 worth $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Norges Bank acquired a new position in shares of Xylem during the 4th quarter valued at about $302,734,000. AMF Tjanstepension AB purchased a new stake in shares of Xylem in the fourth quarter valued at about $96,658,000. Victory Capital Management Inc. increased its position in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after purchasing an additional 698,745 shares during the last quarter. Finally, Swedbank AB raised its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after purchasing an additional 691,618 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 4.5 %

Shares of NYSE:XYL traded down $4.99 during trading on Thursday, hitting $105.51. The company's stock had a trading volume of 519,746 shares, compared to its average volume of 1,606,536. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The business has a 50 day moving average price of $123.43 and a two-hundred day moving average price of $124.37. 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 company has a market capitalization of $25.68 billion, a PE ratio of 28.86, a P/E/G ratio of 2.33 and a beta of 1.08.

Remove Ads

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the business earned $0.99 EPS. Xylem's revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given 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 dividend yield of 1.52%. Xylem's dividend payout ratio is currently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

About Xylem

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.