Toronto Dominion Bank Has $16.32 Million Holdings in Xylem Inc. (NYSE:XYL)

Toronto Dominion Bank trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 19.2% in the second quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer raised their price target on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen restated a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Stock Performance

XYL stock opened at $134.15 on Friday. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market cap of $32.58 billion, a PE ratio of 47.74, a P/E/G ratio of 2.34 and a beta of 1.04. The business’s 50-day moving average price is $133.27 and its two-hundred day moving average price is $134.33.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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 business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. As a group, research analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. Xylem’s payout ratio is 51.25%.

Xylem Profile

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.