Jennison Associates LLC Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Jennison Associates LLC lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 17.9% in the fourth quarter, HoldingsChannel reports. The firm owned 260,386 shares of the industrial products company’s stock after selling 56,905 shares during the quarter. Jennison Associates LLC’s holdings in Xylem were worth $30,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XYL. City Holding Co. raised its stake in shares of Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 75 shares during the period. First Trust Direct Indexing L.P. raised its position in Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after purchasing an additional 78 shares during the period. Bangor Savings Bank lifted its stake in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Angeles Wealth Management LLC boosted its position in shares of Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after buying an additional 86 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 5.4 %

NYSE:XYL opened at $129.40 on Wednesday. The company has a market cap of $31.44 billion, a PE ratio of 37.83, a P/E/G ratio of 2.11 and a beta of 1.07. The business’s 50 day moving average is $120.66 and its two-hundred day moving average is $127.57. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $112.02 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Xylem Inc. will post 4.22 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.11%. Xylem’s dividend payout ratio (DPR) is 42.11%.

Analyst Ratings Changes

A number of research firms have weighed in on XYL. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Citigroup lowered their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.50.

Xylem Company 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.