Xylem Inc. (NYSE:XYL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its holdings in Xylem Inc. (NYSE:XYL) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,386 shares of the industrial products company’s stock after selling 56,905 shares during the quarter. Jennison Associates LLC owned approximately 0.11% of Xylem worth $30,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XYL. Swedbank AB increased its stake in Xylem by 23.1% in the fourth 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 period. Erste Asset Management GmbH purchased a new position in shares of Xylem during the third quarter worth about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem in the 3rd quarter valued at about $52,169,000. Champlain Investment Partners LLC raised its stake in Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after acquiring an additional 249,975 shares during the last quarter. Finally, State Street Corp lifted its position in Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after acquiring an additional 189,820 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $129.40 on Wednesday. Xylem Inc. has a 12 month low of $112.02 and a 12 month high of $146.08. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07. The business’s 50 day simple moving average is $120.66 and its 200-day simple moving average is $127.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last announced its quarterly 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. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Xylem Inc. will post 4.22 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

XYL has been the subject of several analyst reports. Citigroup cut their price target on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. 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 note on Friday, November 1st. Royal Bank of Canada reduced their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $150.50.

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.