Franklin Resources Inc. Has $197.09 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Franklin Resources Inc. increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,698,768 shares of the industrial products company's stock after acquiring an additional 101,111 shares during the quarter. Franklin Resources Inc. owned about 0.70% of Xylem worth $197,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. Clear Creek Financial Management LLC raised its stake in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after purchasing an additional 96 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after purchasing an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Xylem by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock valued at $913,000 after purchasing an additional 98 shares in the last quarter. Mcrae Capital Management Inc. lifted its position in Xylem by 2.9% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock worth $415,000 after purchasing an additional 100 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Xylem by 24.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock worth $60,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

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Xylem Price Performance

XYL stock traded down $6.53 during midday trading on Friday, reaching $104.46. 2,835,463 shares of the company's stock traded hands, compared to its average volume of 1,334,877. The company has a 50-day simple moving average of $125.38 and a two-hundred day simple moving average of $125.54. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $104.32 and a 1-year high of $146.08. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is 43.72%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XYL. Robert W. Baird increased their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem has an average rating of "Moderate Buy" and an average price target of $149.89.

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.