Franklin Resources Inc. Buys 36,102 Shares of Xylem Inc. (NYSE:XYL)

Franklin Resources Inc. increased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,597,657 shares of the industrial products company's stock after purchasing an additional 36,102 shares during the quarter. Franklin Resources Inc. owned approximately 0.66% of Xylem worth $219,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bangor Savings Bank boosted its position in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Xylem during the 2nd quarter worth about $33,000. Blue Trust Inc. boosted its position in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after acquiring an additional 249 shares during the period. Assetmark Inc. boosted its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after acquiring an additional 235 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE XYL traded down $0.47 during trading on Friday, hitting $120.60. The company's stock had a trading volume of 1,353,557 shares, compared to its average volume of 1,567,121. The firm has a market cap of $29.30 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $109.38 and a 52 week high of $146.08. The firm has a 50 day moving average price of $127.72 and a 200 day moving average price of $132.45.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem's dividend payout ratio is 42.11%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a report on Thursday. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Stifel Nicolaus reduced their target price on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Citigroup upgraded Xylem from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $148.00 in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $152.20.

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.