Allianz Asset Management GmbH Sells 71,305 Shares of Xylem Inc. (NYSE:XYL)

Allianz Asset Management GmbH lowered its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 668,770 shares of the industrial products company's stock after selling 71,305 shares during the period. Allianz Asset Management GmbH owned 0.27% of Xylem worth $79,891,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. lifted its stake in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Xylem in the first quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Xylem in the fourth quarter worth about $30,000. Center for Financial Planning Inc. boosted its holdings in shares of Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the fourth quarter worth approximately $36,000. Institutional investors own 87.96% of the company's stock.

Xylem Trading Down 0.6%

NYSE:XYL traded down $0.76 on Tuesday, hitting $131.18. 955,483 shares of the stock were exchanged, compared to its average volume of 1,414,682. The stock has a market capitalization of $31.92 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.40 and a beta of 1.12. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The company's 50-day moving average price is $127.92 and its 200 day moving average price is $123.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results 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 return on equity of 10.12% and a net margin of 10.54%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $0.90 EPS. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on shares of Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research report on Monday. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank Of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.29.

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.