Xylem Inc. (NYSE:XYL) Position Trimmed by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in Xylem Inc. (NYSE:XYL) by 19.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,294 shares of the industrial products company’s stock after selling 28,504 shares during the period. Toronto Dominion Bank’s holdings in Xylem were worth $16,315,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Asset Management Inc raised its holdings in shares of Xylem by 5.6% during the fourth quarter. TD Asset Management Inc now owns 82,820 shares of the industrial products company’s stock valued at $9,471,000 after acquiring an additional 4,415 shares during the period. Stifel Financial Corp raised its stake in Xylem by 17.2% during the 4th quarter. Stifel Financial Corp now owns 158,099 shares of the industrial products company’s stock valued at $18,083,000 after purchasing an additional 23,172 shares during the period. Treasurer of the State of North Carolina raised its stake in Xylem by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 108,282 shares of the industrial products company’s stock valued at $12,383,000 after purchasing an additional 1,040 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Xylem by 687.8% in the fourth quarter. TFO Wealth Partners LLC now owns 1,544 shares of the industrial products company’s stock worth $177,000 after buying an additional 1,348 shares during the period. Finally, Laidlaw Wealth Management LLC purchased a new position in shares of Xylem during the fourth quarter valued at $207,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XYL. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada increased their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem Stock Up 0.4 %

Shares of XYL opened at $134.15 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The company has a 50-day simple moving average of $133.27 and a 200-day simple moving average of $134.33. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The firm has a market capitalization of $32.58 billion, a P/E ratio of 47.74, a P/E/G ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, equities research analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

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.