Xylem Inc. (NYSE:XYL) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in shares of Xylem Inc. (NYSE:XYLGet Rating) by 33.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,870 shares of the industrial products company’s stock after selling 7,573 shares during the quarter. Bank of Nova Scotia’s holdings in Xylem were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Xylem by 15.6% in the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,153 shares of the industrial products company’s stock worth $481,000 after buying an additional 830 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in Xylem by 16.3% in the 2nd quarter. Kentucky Retirement Systems now owns 13,366 shares of the industrial products company’s stock worth $1,045,000 after buying an additional 1,872 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Xylem by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 23,787 shares of the industrial products company’s stock worth $1,860,000 after buying an additional 397 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Xylem by 6.8% in the 2nd quarter. State of Michigan Retirement System now owns 48,575 shares of the industrial products company’s stock worth $3,798,000 after buying an additional 3,100 shares in the last quarter. Finally, Credit Agricole S A lifted its holdings in Xylem by 1.2% in the 2nd quarter. Credit Agricole S A now owns 91,918 shares of the industrial products company’s stock worth $7,186,000 after buying an additional 1,084 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XYL. Mizuho boosted their price objective on shares of Xylem from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Stifel Nicolaus dropped their target price on shares of Xylem from $105.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, October 11th. StockNews.com initiated coverage on shares of Xylem in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group boosted their target price on shares of Xylem from $93.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. Finally, Morgan Stanley boosted their target price on shares of Xylem from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Hold” and an average target price of $109.36.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Matthew Francis Pine sold 11,870 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $107.12, for a total transaction of $1,271,514.40. Following the completion of the transaction, the senior vice president now directly owns 22,819 shares of the company’s stock, valued at approximately $2,444,371.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by company insiders.

Xylem Trading Up 1.7 %

Xylem stock opened at $112.63 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.65 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $97.31 and a two-hundred day moving average price of $90.06. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 63.99, a PEG ratio of 3.46 and a beta of 1.10. Xylem Inc. has a 52-week low of $72.08 and a 52-week high of $130.42.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Monday, November 21st. Xylem’s payout ratio is 68.18%.

Xylem Company Profile

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Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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