Toronto Dominion Bank Has $6.85 Million Position in Xylem Inc. (NYSE:XYL)

Toronto Dominion Bank reduced its position in shares of Xylem Inc. (NYSE:XYLGet Rating) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,690 shares of the industrial products company’s stock after selling 13,948 shares during the period. Toronto Dominion Bank’s holdings in Xylem were worth $6,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Xylem by 7.6% during the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after buying an additional 1,435,798 shares during the period. BlackRock Inc. boosted its position in Xylem by 4.0% during 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 purchasing an additional 722,396 shares during the last quarter. Pictet Asset Management SA boosted its position in Xylem by 3.8% during 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 purchasing an additional 203,166 shares during the last quarter. Invesco Ltd. boosted its position in Xylem by 53.6% during the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock valued at $326,390,000 after purchasing an additional 1,335,241 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Xylem by 3.2% during 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 purchasing an additional 99,861 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Xylem

In other news, SVP Matthew Francis Pine sold 11,870 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $107.12, for a total transaction of $1,271,514.40. Following the transaction, the senior vice president now owns 22,819 shares in the company, valued at $2,444,371.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

Xylem Price Performance

Shares of NYSE XYL opened at $113.25 on Thursday. The firm has a market cap of $20.41 billion, a P/E ratio of 64.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. The company has a current ratio of 1.65, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Xylem Inc. has a 1-year low of $72.08 and a 1-year high of $125.74. The business’s 50 day moving average is $98.35 and its 200-day moving average is $90.65.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. Xylem’s dividend payout ratio (DPR) is currently 68.18%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Credit Suisse Group increased their price target on Xylem from $93.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. Atlantic Securities raised Xylem from a “neutral” rating to an “overweight” rating and increased their price target for the company from $110.00 to $129.00 in a research report on Wednesday, November 16th. Citigroup increased their price target on Xylem from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. Cowen increased their price target on Xylem from $105.00 to $115.00 in a research report on Wednesday, November 2nd. Finally, TheStreet cut Xylem from a “b-” rating to a “c” rating in a research report on Tuesday, November 1st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.30.

Xylem 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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