Jennison Associates LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 317,291 shares of the industrial products company's stock after purchasing an additional 61,841 shares during the quarter. Jennison Associates LLC owned approximately 0.13% of Xylem worth $42,844,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in shares of Xylem in the first quarter worth approximately $311,684,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Xylem during the third quarter worth approximately $52,169,000. LPL Financial LLC raised its stake in shares of Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company's stock valued at $44,012,000 after acquiring an additional 230,878 shares during the period. TCW Group Inc. lifted its stake in shares of Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company's stock worth $42,778,000 after purchasing an additional 206,350 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Xylem by 433.0% in the 2nd quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company's stock worth $31,070,000 after acquiring an additional 186,105 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently issued reports on XYL shares. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Stifel Nicolaus increased their price target on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Robert W. Baird dropped their price target on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.64.
Read Our Latest Stock Analysis on XYL
Xylem Stock Up 1.1 %
Shares of XYL traded up $1.40 during mid-day trading on Friday, reaching $126.76. The company's stock had a trading volume of 633,020 shares, compared to its average volume of 1,215,267. Xylem Inc. has a 1 year low of $102.42 and a 1 year high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The business has a fifty day moving average of $130.22 and a 200 day moving average of $134.40.
Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The company 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%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. As a group, analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Xylem's dividend payout ratio (DPR) is 42.11%.
About Xylem
(
Free Report)
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.
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