Royal Bank of Canada Has $506.99 Million Stake in Xylem Inc. (NYSE:XYL)

Royal Bank of Canada raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,369,804 shares of the industrial products company's stock after acquiring an additional 320,500 shares during the quarter. Royal Bank of Canada owned 1.80% of Xylem worth $506,985,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC increased its position in Xylem by 11.4% during the 4th quarter. Rafferty Asset Management LLC now owns 22,693 shares of the industrial products company's stock worth $2,633,000 after purchasing an additional 2,327 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Xylem in the 4th quarter valued at about $43,203,000. Quantinno Capital Management LP grew its holdings in Xylem by 148.9% in the 4th quarter. Quantinno Capital Management LP now owns 35,614 shares of the industrial products company's stock valued at $4,132,000 after buying an additional 21,306 shares during the period. Mufg Securities Americas Inc. purchased a new stake in Xylem in the 4th quarter valued at about $416,000. Finally, Malaga Cove Capital LLC grew its holdings in Xylem by 56.6% in the 4th quarter. Malaga Cove Capital LLC now owns 4,046 shares of the industrial products company's stock valued at $469,000 after buying an additional 1,462 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

Shares of Xylem stock traded down $1.06 during midday trading on Tuesday, hitting $126.94. 1,185,539 shares of the company were exchanged, compared to its average volume of 1,415,226. The firm has a 50 day simple moving average of $117.28 and a 200-day simple moving average of $121.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $30.89 billion, a P/E ratio of 34.68, a PEG ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period last year, the business earned $0.90 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem's payout ratio is 43.01%.

Analyst Ratings Changes

XYL has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird lowered their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus upped their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $146.88.

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.