Scotia Capital Inc. Buys 510 Shares of Xylem Inc. (NYSE:XYL)

Scotia Capital Inc. increased its stake in Xylem Inc. (NYSE:XYL) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,610 shares of the industrial products company’s stock after purchasing an additional 510 shares during the period. Scotia Capital Inc.’s holdings in Xylem were worth $5,524,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XYL. Impax Asset Management Group plc raised its position in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. Norges Bank acquired a new stake in Xylem in the fourth quarter worth about $302,734,000. AMF Tjanstepension AB bought a new stake in Xylem during the 4th quarter worth about $96,658,000. Victory Capital Management Inc. lifted its position in Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after purchasing an additional 698,745 shares during the period. Finally, Swedbank AB boosted its stake in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 1.2 %

Shares of NYSE XYL opened at $108.94 on Friday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $122.72 and its 200-day moving average is $124.02.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.47%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XYL. Stifel Nicolaus cut their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.