Xylem Inc. (NYSE:XYL) Stock Position Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,959 shares of the industrial products company's stock after selling 3,942 shares during the period. Janney Montgomery Scott LLC's holdings in Xylem were worth $5,251,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XYL. Impax Asset Management Group plc boosted its holdings in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Norges Bank purchased a new stake in shares of Xylem during the 4th quarter worth approximately $302,734,000. Northern Trust Corp grew its holdings in shares of Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after acquiring an additional 966,399 shares during the period. AMF Tjanstepension AB acquired a new position in Xylem during the fourth quarter worth $96,658,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Xylem during the first quarter worth $89,828,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent research reports. Citigroup decreased their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada lifted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Trading Up 1.8%

NYSE XYL traded up $2.28 during mid-day trading on Thursday, reaching $129.77. 1,535,680 shares of the stock were exchanged, compared to its average volume of 1,404,225. The stock has a market capitalization of $31.58 billion, a PE ratio of 34.88, a PEG ratio of 2.32 and a beta of 1.13. 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 Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The business's fifty day simple moving average is $123.69 and its 200 day simple moving average is $121.72.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates 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 company posted $0.90 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 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.