Xylem Inc. (NYSE:XYL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in Xylem Inc. (NYSE:XYL - Free Report) by 8.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,959 shares of the industrial products company's stock after selling 3,942 shares during the quarter. Janney Montgomery Scott LLC's holdings in Xylem were worth $5,251,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dempze Nancy E grew its stake in Xylem by 0.3% during the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after buying an additional 88 shares during the period. Townsquare Capital LLC grew its stake in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after buying an additional 88 shares during the period. Keel Point LLC grew its stake in Xylem by 4.1% during the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after buying an additional 93 shares during the period. SageView Advisory Group LLC grew its stake in Xylem by 3.6% during the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock worth $324,000 after buying an additional 98 shares during the period. Finally, Larson Financial Group LLC grew its stake in Xylem by 24.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock worth $60,000 after buying an additional 101 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Xylem stock opened at $124.46 on Monday. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The firm's fifty day moving average price is $122.26 and its 200 day moving average price is $121.65.

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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $0.90 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. On average, research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Xylem's dividend payout ratio (DPR) is 43.01%.

Wall Street Analyst Weigh In

Several research firms have issued reports on XYL. Robert W. Baird decreased their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup decreased their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

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.

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