Xylem Inc. (NYSE:XYL) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 938,055 shares of the industrial products company's stock after selling 301,495 shares during the quarter. Janus Henderson Group PLC owned approximately 0.39% of Xylem worth $108,856,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XYL. Gotham Asset Management LLC lifted its position in shares of Xylem by 72.4% during the fourth quarter. Gotham Asset Management LLC now owns 110,338 shares of the industrial products company's stock valued at $12,801,000 after buying an additional 46,341 shares during the last quarter. Elefante Mark B purchased a new stake in shares of Xylem during the fourth quarter valued at about $2,450,000. Ensign Peak Advisors Inc lifted its position in shares of Xylem by 1.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 95,331 shares of the industrial products company's stock valued at $11,060,000 after buying an additional 1,418 shares during the last quarter. FORA Capital LLC lifted its position in shares of Xylem by 84.0% during the fourth quarter. FORA Capital LLC now owns 29,901 shares of the industrial products company's stock valued at $3,469,000 after buying an additional 13,650 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Xylem by 1,060.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 281,924 shares of the industrial products company's stock valued at $32,709,000 after buying an additional 257,633 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

XYL traded up $1.53 during trading on Thursday, reaching $126.98. 1,179,499 shares of the company's stock were exchanged, compared to its average volume of 1,423,780. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $30.90 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company's fifty day simple moving average is $117.10 and its 200-day simple moving average is $121.43.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.90 EPS. Xylem's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Citigroup decreased their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.88.

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.