National Bank of Canada FI Sells 78,710 Shares of Xylem Inc. (NYSE:XYL)

National Bank of Canada FI cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 58.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,052 shares of the industrial products company's stock after selling 78,710 shares during the quarter. National Bank of Canada FI's holdings in Xylem were worth $6,485,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. AtonRa Partners grew its holdings in shares of Xylem by 2.3% in the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 91 shares during the period. FFT Wealth Management LLC lifted its holdings in Xylem by 4.1% in the fourth quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company's stock valued at $271,000 after acquiring an additional 93 shares during the last quarter. Patten Group Inc. grew its position in Xylem by 0.3% in the fourth quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company's stock worth $3,558,000 after acquiring an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Xylem by 4.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 99 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Xylem by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company's stock valued at $391,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XYL. Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Robert W. Baird increased their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Oppenheimer boosted their target price on Xylem from $142.00 to $147.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Mizuho upped their price target on Xylem from $110.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus boosted their price objective on Xylem from $136.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.70.

Xylem Stock Performance

Shares of NYSE:XYL traded up $0.39 during trading on Friday, reaching $143.00. The company had a trading volume of 702,306 shares, compared to its average volume of 1,175,021. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The stock's fifty day moving average price is $129.82 and its 200 day moving average price is $116.56. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $143.62. The firm has a market capitalization of $34.67 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. Xylem's quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts predict that Xylem Inc. will post 4.24 EPS for the current year.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

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.