Allianz SE Has $2.32 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Allianz SE raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 18.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 19,453 shares of the industrial products company's stock after acquiring an additional 3,030 shares during the period. Allianz SE's holdings in Xylem were worth $2,324,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Northern Trust Corp increased its stake in Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after purchasing an additional 966,399 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Xylem by 390.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Xylem in the 1st quarter valued at $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Xylem in the 4th quarter valued at $83,139,000. Finally, GAMMA Investing LLC raised its stake in Xylem by 15,322.5% during the 1st quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock worth $60,522,000 after buying an additional 503,345 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Citigroup reissued a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.14.

Xylem Trading Down 1.8%

NYSE XYL opened at $142.04 on Monday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $144.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The stock's 50 day moving average price is $129.44 and its two-hundred day moving average price is $124.38. The stock has a market capitalization of $34.57 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.51 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $1.09 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is currently 41.56%.

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.

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