Xylem Inc. (NYSE:XYL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,789,466 shares of the industrial products company's stock after selling 568,941 shares during the period. Legal & General Group Plc owned 0.74% of Xylem worth $207,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after buying an additional 5,286 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock worth $2,152,000 after purchasing an additional 6,386 shares during the last quarter. Swedbank AB lifted its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after purchasing an additional 691,618 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of Xylem in the 4th quarter valued at about $5,094,000. Finally, Franklin Resources Inc. grew its stake in Xylem by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock worth $219,262,000 after buying an additional 36,102 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

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Xylem Stock Performance

NYSE:XYL traded up $0.23 during mid-day trading on Tuesday, reaching $109.93. The stock had a trading volume of 429,080 shares, compared to its average volume of 1,374,020. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The business has a 50 day simple moving average of $122.33 and a 200 day simple moving average of $123.77. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

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

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday. Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $148.44.

Xylem Company 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.