Xylem Inc. (NYSE:XYL) Stock Holdings Lessened by Prudential PLC

Key Points

• Prudential PLC reduced its stake in Xylem Inc. by 2.3% during the first quarter, now holding 103,250 shares valued at approximately $12.33 million.
• Several analysts raised their price targets for Xylem, with UBS Group setting a target of $168 and Stifel Nicolaus increasing it to $175, while overall consensus rating remains at "Moderate Buy."
• Xylem recently announced a quarterly dividend of $0.40, representing a 1.1% annualized yield and a payout ratio of 41.56%.

Prudential PLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,250 shares of the industrial products company's stock after selling 2,442 shares during the quarter. Prudential PLC's holdings in Xylem were worth $12,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co bought a new position in Xylem during the first quarter valued at approximately $27,000. Center for Financial Planning Inc. raised its position in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Headlands Technologies LLC raised its position in Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 145 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter valued at approximately $36,000. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XYL shares. Royal Bank Of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. UBS Group increased their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. started coverage on Xylem in a report 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 seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Trading Up 0.4%

Shares of Xylem stock opened at $143.39 on Wednesday. The company's fifty day simple moving average is $131.90 and its 200-day simple moving average is $125.44. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.48 and a beta of 1.11. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is presently 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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