Xylem Inc. (NYSE:XYL) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in shares of Xylem Inc. (NYSE:XYL – Get Rating) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 951,191 shares of the industrial products company’s stock after selling 26,826 shares during the period. Franklin Resources Inc. owned 0.53% of Xylem worth $105,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XYL. Panagora Asset Management Inc. raised its position in shares of Xylem by 21.7% during the 1st quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 2,550 shares in the last quarter. Yousif Capital Management LLC grew its stake in Xylem by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock worth $2,328,000 after buying an additional 416 shares during the last quarter. Blair William & Co. IL grew its stake in Xylem by 0.5% during the 1st quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock worth $5,648,000 after buying an additional 299 shares during the last quarter. Sei Investments Co. grew its stake in Xylem by 6.7% during the 1st quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock worth $28,590,000 after buying an additional 21,165 shares during the last quarter. Finally, Prudential PLC purchased a new position in Xylem during the 1st quarter worth approximately $333,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $98.89 on Friday. The stock has a fifty day moving average price of $102.83 and a 200 day moving average price of $106.28. The stock has a market cap of $17.86 billion, a PE ratio of 48.24, a P/E/G ratio of 2.57 and a beta of 1.07. Xylem Inc. has a 1 year low of $72.08 and a 1 year high of $118.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.44 and a current ratio of 2.01.

Xylem (NYSE:XYL – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.10. Xylem had a return on equity of 16.63% and a net margin of 6.53%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. Xylem’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 3.28 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Tuesday, May 30th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. Xylem’s dividend payout ratio (DPR) is 64.39%.

Insider Transactions at Xylem

In related news, CEO Patrick Decker sold 56,298 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $98.19, for a total transaction of $5,527,900.62. Following the transaction, the chief executive officer now directly owns 287,564 shares in the company, valued at $28,235,909.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Xylem news, SVP Hayati Yarkadas sold 15,942 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $100.43, for a total transaction of $1,601,055.06. Following the completion of the sale, the senior vice president now directly owns 12,146 shares in the company, valued at $1,219,822.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Decker sold 56,298 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $98.19, for a total value of $5,527,900.62. Following the sale, the chief executive officer now owns 287,564 shares of the company’s stock, valued at $28,235,909.16. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com assumed coverage on Xylem in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho reiterated a “neutral” rating and issued a $105.00 target price on shares of Xylem in a research note on Wednesday, February 8th. Citigroup lowered their target price on Xylem from $123.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 8th. TheStreet downgraded Xylem from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Finally, Cowen lifted their target price on Xylem from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.80.

About Xylem

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.