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

Prudential PLC cut its stake in shares of Xylem Inc. (NYSE:XYL) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 105,692 shares of the industrial products company’s stock after selling 6,682 shares during the quarter. Prudential PLC’s holdings in Xylem were worth $12,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem during the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in Xylem in the 4th quarter worth $36,000. SRS Capital Advisors Inc. increased its position in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

XYL opened at $104.46 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The stock has a fifty day simple moving average of $125.04 and a two-hundred day simple moving average of $125.35. Xylem Inc. has a 12-month low of $104.24 and a 12-month high of $146.08.

Xylem (NYSE:XYL) 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 the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business earned $0.99 EPS. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 18th. Xylem’s payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XYL shares. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus reduced 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.