Franklin Resources Inc. Raises Position in Xylem Inc. (NYSE:XYL)

Franklin Resources Inc. lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,597,657 shares of the industrial products company’s stock after acquiring an additional 36,102 shares during the period. Franklin Resources Inc.’s holdings in Xylem were worth $219,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after purchasing an additional 189,820 shares during the period. Geode Capital Management LLC increased its stake in Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after buying an additional 54,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Xylem by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after buying an additional 32,645 shares in the last quarter. Swedbank AB boosted its position in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Finally, Mirova US LLC grew its stake in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after acquiring an additional 36,013 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XYL shares. Citigroup raised Xylem from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $148.00 in a report on Monday, December 9th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday. Royal Bank of Canada cut their price target 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. Robert W. Baird decreased their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus cut their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Trading Down 0.4 %

Xylem stock opened at $120.60 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a 1 year low of $109.38 and a 1 year high of $146.08. The firm’s 50-day moving average is $127.72 and its 200-day moving average is $132.45. The company has a market cap of $29.30 billion, a P/E ratio of 35.26, a PEG ratio of 2.22 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, equities analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s dividend payout ratio is presently 42.11%.

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.