Allianz Asset Management GmbH Lowers Position in Xylem Inc. $XYL

Allianz Asset Management GmbH trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,776 shares of the industrial products company’s stock after selling 124,632 shares during the period. Allianz Asset Management GmbH owned about 0.19% of Xylem worth $66,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of XYL. SJS Investment Consulting Inc. increased its holdings in Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 166 shares during the period. First Horizon Corp bought a new stake in Xylem during the 3rd quarter valued at $30,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Xylem in the 3rd quarter valued at $34,000. Root Financial Partners LLC bought a new position in shares of Xylem in the 3rd quarter worth $46,000. Finally, Caldwell Trust Co bought a new position in shares of Xylem in the 2nd quarter worth $41,000. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. Citigroup lifted their target price on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group raised their price target on shares of Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada boosted their price objective on shares of Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. TD Cowen reissued a “hold” rating on shares of Xylem in a research report on Friday, December 5th. Finally, William Blair initiated coverage on shares of Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.80.

Xylem Stock Up 0.8%

Shares of XYL opened at $139.71 on Thursday. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.97 and a beta of 1.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The stock’s 50-day moving average price is $139.47 and its 200-day moving average price is $141.98. The company has a quick ratio of 1.50, a current ratio of 1.96 and a debt-to-equity ratio of 0.17.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is currently 41.13%.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.