Bank of Montreal Can Sells 4,956 Shares of Xylem Inc. (NYSE:XYL)

Bank of Montreal Can decreased its stake in Xylem Inc. (NYSE:XYL) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,965 shares of the industrial products company’s stock after selling 4,956 shares during the quarter. Bank of Montreal Can owned approximately 0.15% of Xylem worth $47,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Swedbank AB increased its position in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Xylem in the third quarter worth about $52,169,000. Champlain Investment Partners LLC increased its position in Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after buying an additional 249,975 shares in the last quarter. LPL Financial LLC increased its position in Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares in the last quarter. Finally, TCW Group Inc. increased its position in Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after buying an additional 206,350 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on XYL. Stifel Nicolaus increased their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average target price of $149.64.

Xylem Stock Performance

NYSE XYL opened at $125.60 on Thursday. The stock has a market capitalization of $30.51 billion, a PE ratio of 36.73, a P/E/G ratio of 2.29 and a beta of 1.05. Xylem Inc. has a 1-year low of $102.63 and a 1-year high of $146.08. The business has a 50 day simple moving average of $129.89 and a two-hundred day simple moving average of $134.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. On average, research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.