Mackenzie Financial Corp Boosts Position in Xylem Inc. (NYSE:XYL)

Key Points

• Mackenzie Financial Corp increased its stake in Xylem Inc. by 5.4% in the first quarter, owning a total of 41,473 shares valued at approximately $4.95 million as of the latest SEC filing.
• Xylem reported earnings per share of $1.26, exceeding the consensus estimate of $1.15, with quarterly revenue reaching $2.30 billion, a 6.1% year-over-year increase.
• The company recently announced a quarterly dividend of $0.40, representing an annual yield of 1.1%, while maintaining a payout ratio of 43.01%.

Mackenzie Financial Corp lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,473 shares of the industrial products company's stock after purchasing an additional 2,125 shares during the period. Mackenzie Financial Corp's holdings in Xylem were worth $4,954,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Valley National Advisers Inc. increased its holdings in Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co purchased a new stake in Xylem in the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. increased its holdings in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Xylem in the 4th quarter worth approximately $36,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Xylem in the 1st quarter worth approximately $41,000. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XYL. Stifel Nicolaus increased their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Finally, Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $151.14.

Xylem Price Performance

Shares of XYL stock traded up $1.71 on Monday, reaching $143.89. The company's stock had a trading volume of 1,593,476 shares, compared to its average volume of 1,132,611. The stock's fifty day simple moving average is $129.44 and its 200-day simple moving average is $124.38. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $144.83. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $35.02 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. Xylem's revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio (DPR) is currently 41.56%.

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.