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

Janus Henderson Group PLC lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 16.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned 0.51% of Xylem worth $167,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in XYL. Cetera Investment Advisers lifted its holdings in shares of Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company's stock worth $3,543,000 after purchasing an additional 18,014 shares during the period. Cetera Advisors LLC raised its position in Xylem by 138.5% during the first quarter. Cetera Advisors LLC now owns 4,770 shares of the industrial products company's stock valued at $616,000 after acquiring an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Mather Group LLC. raised its position in Xylem by 10.8% during the second quarter. Mather Group LLC. now owns 1,241 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 121 shares in the last quarter. Finally, CWM LLC raised its position in Xylem by 2.0% during the second quarter. CWM LLC now owns 8,110 shares of the industrial products company's stock valued at $1,100,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

Shares of XYL traded down $0.15 during mid-day trading on Wednesday, hitting $127.54. The company's stock had a trading volume of 1,140,787 shares, compared to its average volume of 1,232,175. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $129.11 and a 200 day simple moving average of $133.43. The firm has a market capitalization of $30.99 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.34 and a beta of 1.05. Xylem Inc. has a 1-year low of $104.95 and a 1-year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm 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% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on XYL. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. TD Cowen decreased 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. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective on the stock. Finally, Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and an average price target of $149.64.

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.