Xylem Inc. (NYSE:XYL) Shares Sold by Prudential PLC

Prudential PLC lowered its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,692 shares of the industrial products company's stock after selling 6,682 shares during the period. Prudential PLC's holdings in Xylem were worth $12,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Xylem by 1.1% during the fourth 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 during the period. State Street Corp increased its position in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after buying an additional 189,820 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after buying an additional 135,492 shares during the period. Impax Asset Management Group plc grew its stake in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Finally, Swedbank AB increased its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

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Xylem Stock Down 3.9 %

Shares of NYSE:XYL traded down $4.32 during trading on Thursday, reaching $106.19. The stock had a trading volume of 656,951 shares, compared to its average volume of 1,363,334. The firm's 50-day simple moving average is $123.43 and its 200 day simple moving average is $124.37. 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 Inc. has a one year low of $100.47 and a one year high of $146.08. The company has a market capitalization of $25.84 billion, a P/E ratio of 29.19, a PEG ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analyst Weigh In

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

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.