Xylem Inc. (NYSE:XYL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in shares of Xylem Inc. (NYSE:XYL) by 8.4% during the fourth quarter, according to its most recent filing 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 quarter. 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 made changes to their positions in XYL. Impax Asset Management Group plc lifted its stake in Xylem by 231.5% in 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. Norges Bank acquired a new stake in shares of Xylem in the 4th quarter worth about $302,734,000. AMF Tjanstepension AB bought a new stake in Xylem in the 4th quarter valued at about $96,658,000. Victory Capital Management Inc. grew its position in Xylem by 42.9% in the 4th 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 grew its position in Xylem by 23.1% in the 4th 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 last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced 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. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.89.

Xylem Stock Performance

Shares of XYL 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 stock has a market capitalization of $25.39 billion, a P/E ratio of 28.54, a P/E/G ratio of 2.33 and a beta of 1.08. The firm’s 50 day moving average is $125.04 and its 200-day moving average is $125.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

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

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.