Prudential Financial Inc. Decreases Position in Xylem Inc. (NYSE:XYL)

Prudential Financial Inc. decreased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,654 shares of the industrial products company's stock after selling 29,831 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Xylem worth $15,507,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Angeles Investment Advisors LLC raised its holdings in shares of Xylem by 5.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 4,267 shares of the industrial products company's stock valued at $495,000 after acquiring an additional 207 shares during the last quarter. Congress Wealth Management LLC DE raised its stake in Xylem by 16.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 9,356 shares of the industrial products company's stock valued at $1,086,000 after purchasing an additional 1,318 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after purchasing an additional 303,854 shares in the last quarter. Stevens Capital Management LP boosted its stake in Xylem by 27.0% during the 4th quarter. Stevens Capital Management LP now owns 2,144 shares of the industrial products company's stock worth $249,000 after purchasing an additional 456 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Xylem during the fourth quarter worth $20,745,000. Institutional investors and hedge funds own 87.96% of the company's stock.

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Analysts Set New Price Targets

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

Xylem Trading Up 0.1 %

NYSE XYL traded up $0.11 during trading hours on Tuesday, reaching $119.57. The company had a trading volume of 142,044 shares, compared to its average volume of 1,309,172. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The stock has a market capitalization of $29.06 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The stock has a 50-day moving average of $125.69 and a 200 day moving average of $125.77. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

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

Xylem Increases Dividend

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is 43.72%.

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.