Xylem Inc. (NYSE:XYL) Stock Position Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in Xylem Inc. (NYSE:XYL) by 16.3% in the 3rd quarter, Holdings Channel reports. The fund owned 1,239,550 shares of the industrial products company’s stock after selling 241,763 shares during the period. Janus Henderson Group PLC’s holdings in Xylem were worth $167,298,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Cetera Investment Advisers lifted its position in Xylem by 191.7% in the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after buying an additional 18,014 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Xylem by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after buying an additional 137,883 shares during the period. Cerity Partners LLC grew its holdings in shares of Xylem by 22.9% during the 3rd quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock valued at $15,534,000 after acquiring an additional 21,464 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Xylem by 16.5% in the third quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock worth $73,920,000 after acquiring an additional 77,639 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 0.5 %

Shares of Xylem stock opened at $127.68 on Wednesday. Xylem Inc. has a 1 year low of $104.95 and a 1 year high of $146.08. The company’s fifty day simple moving average is $129.22 and its 200-day simple moving average is $133.54. The company has a market cap of $31.02 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.34 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is presently 42.11%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. 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 research note on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four 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 price target of $149.64.

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.