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

Key Points

• National Bank of Canada FI increased its stake in Xylem Inc. by 41.6% in Q1, holding approximately $19.24 million worth of the company's stock.
• Xylem recently reported Q2 earnings of $1.26 EPS, exceeding analysts' expectations and showing a 6.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 1.1% and a payout ratio of 41.56%.

National Bank of Canada FI raised its position in Xylem Inc. (NYSE:XYL - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,028 shares of the industrial products company's stock after acquiring an additional 47,276 shares during the period. National Bank of Canada FI owned approximately 0.07% of Xylem worth $19,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC purchased a new stake in Xylem in the first quarter valued at approximately $694,000. Farther Finance Advisors LLC grew its holdings in Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after acquiring an additional 419 shares during the period. NBC Securities Inc. acquired a new stake in shares of Xylem during the 1st quarter worth approximately $72,000. GAMMA Investing LLC lifted its stake in shares of Xylem by 29.1% in the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock valued at $507,000 after purchasing an additional 956 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Xylem by 19.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock worth $3,251,000 after acquiring an additional 4,429 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus upped their price objective on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. 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 research report on Wednesday, April 30th. Finally, Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Stock Up 0.4%

XYL traded up $0.52 during trading hours on Tuesday, hitting $143.39. 867,664 shares of the company's stock were exchanged, compared to its average volume of 1,117,068. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The firm has a market cap of $34.90 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. The firm has a 50 day moving average of $131.90 and a 200 day moving average of $125.44.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal 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 dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's payout ratio is presently 41.56%.

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.