Allen Capital Group LLC Sells 37,171 Shares of Xylem Inc. (NYSE:XYL)

Allen Capital Group LLC trimmed its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 82.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,955 shares of the industrial products company's stock after selling 37,171 shares during the period. Allen Capital Group LLC's holdings in Xylem were worth $950,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC acquired a new position in shares of Xylem during the first quarter worth approximately $694,000. Triodos Investment Management BV lifted its holdings in Xylem by 12.7% in the fourth quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after buying an additional 26,300 shares during the period. Farther Finance Advisors LLC lifted its holdings in Xylem by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after buying an additional 419 shares during the period. Allianz SE acquired a new position in Xylem in the fourth quarter valued at approximately $1,910,000. Finally, NBC Securities Inc. acquired a new position in Xylem in the first quarter valued at approximately $72,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Citigroup restated a "buy" rating and issued a $152.00 price objective (up from $137.00) on shares of Xylem in a report on Monday. Stifel Nicolaus increased their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average target price of $146.29.

Xylem Stock Up 1.6%

Shares of XYL stock traded up $2.03 during trading hours on Thursday, hitting $132.45. 1,035,069 shares of the company were exchanged, compared to its average volume of 1,531,707. The business has a 50 day moving average of $127.54 and a two-hundred day moving average of $122.81. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The company has a market capitalization of $32.23 billion, a PE ratio of 35.61, a PEG ratio of 2.36 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

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.