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

Bank of Montreal Can reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 354,965 shares of the industrial products company’s stock after selling 4,956 shares during the quarter. Bank of Montreal Can’s holdings in Xylem were worth $47,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. Price T Rowe Associates Inc. MD lifted its stake in shares of Xylem by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 325,496 shares of the industrial products company’s stock worth $42,068,000 after acquiring an additional 1,732 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Xylem by 13.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,869 shares of the industrial products company’s stock worth $1,146,000 after acquiring an additional 1,083 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Xylem by 15.0% during the 1st quarter. Tidal Investments LLC now owns 33,847 shares of the industrial products company’s stock worth $4,374,000 after acquiring an additional 4,417 shares during the last quarter. Wahed Invest LLC lifted its stake in shares of Xylem by 14.6% during the 1st quarter. Wahed Invest LLC now owns 4,637 shares of the industrial products company’s stock worth $599,000 after acquiring an additional 590 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Xylem during the 1st quarter valued at $1,283,000. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Xylem Trading Up 0.9 %

XYL opened at $125.60 on Thursday. The firm has a market cap of $30.51 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.29 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $102.63 and a 12 month high of $146.08. The stock has a fifty day moving average price of $129.89 and a 200-day moving average price of $134.00.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $0.99 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

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.