Xylem Inc. (NYSE:XYL) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in shares of Xylem Inc. (NYSE:XYLGet Rating) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 303,905 shares of the industrial products company’s stock after purchasing an additional 12,683 shares during the quarter. Bank of Montreal Can owned about 0.17% of Xylem worth $24,052,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XYL. Vanguard Group Inc. boosted its holdings in Xylem by 7.6% in the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after acquiring an additional 1,435,798 shares during the last quarter. BlackRock Inc. boosted its holdings in Xylem by 4.0% in the first quarter. BlackRock Inc. now owns 18,774,974 shares of the industrial products company’s stock valued at $1,600,756,000 after acquiring an additional 722,396 shares during the last quarter. Pictet Asset Management SA boosted its holdings in Xylem by 3.8% in the second quarter. Pictet Asset Management SA now owns 5,501,706 shares of the industrial products company’s stock valued at $430,162,000 after acquiring an additional 203,166 shares during the last quarter. Invesco Ltd. boosted its holdings in Xylem by 53.6% in the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock valued at $326,390,000 after acquiring an additional 1,335,241 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Xylem by 3.2% in the first quarter. Bank of America Corp DE now owns 3,192,357 shares of the industrial products company’s stock valued at $272,181,000 after acquiring an additional 99,861 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Xylem Stock Up 1.7 %

Shares of Xylem stock opened at $112.63 on Monday. 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 market cap of $20.30 billion, a P/E ratio of 63.99, a P/E/G ratio of 3.47 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $72.08 and a fifty-two week high of $130.42. The business has a 50-day moving average price of $97.31 and a 200 day moving average price of $90.11.

Xylem Announces Dividend

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

Insider Activity at Xylem

In related news, SVP Matthew Francis Pine sold 11,870 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $107.12, for a total value of $1,271,514.40. Following the completion of the sale, the senior vice president now directly owns 22,819 shares of the company’s stock, valued at $2,444,371.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Cowen lifted their target price on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. Cowen lifted their target price on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. Stifel Nicolaus cut their price objective on Xylem from $105.00 to $103.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Royal Bank of Canada raised their price objective on Xylem from $105.00 to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, November 2nd. Finally, Credit Suisse Group raised their price objective on Xylem from $93.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.36.

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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