Davis Rea LTD. Invests $3.63 Million in Xylem Inc. (NYSE:XYL)

Davis Rea LTD. bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,419 shares of the industrial products company's stock, valued at approximately $3,634,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Xylem during the fourth quarter worth $302,734,000. Northern Trust Corp raised its holdings in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after acquiring an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Xylem in the 1st quarter worth about $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Xylem in the 4th quarter worth about $83,139,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.0%

Shares of NYSE XYL traded up $1.33 during mid-day trading on Friday, reaching $132.57. The company had a trading volume of 580,466 shares, compared to its average volume of 1,103,048. The stock has a fifty day moving average of $128.40 and a two-hundred day moving average of $123.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The company has a market capitalization of $32.26 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 2.38 and a beta of 1.12. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Xylem's payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

XYL has been the topic of a number of analyst reports. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Stifel Nicolaus increased their target price on shares of Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Finally, Citigroup reiterated a "buy" rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.29.

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.