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Xylem Inc. (NYSE:XYL) Shares Sold by Jennison Associates LLC

Xylem logo with Business Services background

Jennison Associates LLC lessened its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 225,715 shares of the industrial products company's stock after selling 34,671 shares during the quarter. Jennison Associates LLC owned about 0.09% of Xylem worth $26,964,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after buying an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new stake in shares of Xylem in the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Xylem in the 4th quarter valued at approximately $30,000. Center for Financial Planning Inc. grew its stake in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Xylem in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on XYL. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Stifel Nicolaus lifted their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup restated a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three 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 an average rating of "Moderate Buy" and a consensus price target of $146.29.

Check Out Our Latest Stock Report on XYL

Xylem Stock Performance

NYSE XYL opened at $132.68 on Friday. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The business has a fifty day moving average of $127.92 and a 200-day moving average of $123.08. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.21%. Xylem's dividend payout ratio is presently 43.01%.

About Xylem

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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