Man Group plc Sells 270,417 Shares of Xylem Inc. (NYSE:XYL)

Man Group plc lowered its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 460,910 shares of the industrial products company's stock after selling 270,417 shares during the quarter. Man Group plc owned 0.19% of Xylem worth $53,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dempze Nancy E lifted its position in shares of Xylem by 0.3% during the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after buying an additional 88 shares during the period. Townsquare Capital LLC lifted its position in shares of Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after buying an additional 88 shares during the period. Keel Point LLC lifted its position in shares of Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after buying an additional 93 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock worth $269,000 after buying an additional 96 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock worth $506,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Trading Up 1.1%

Shares of NYSE XYL traded up $1.42 during midday trading on Friday, hitting $128.04. The stock had a trading volume of 1,042,352 shares, compared to its average volume of 1,417,983. The company's 50-day simple moving average is $117.18 and its 200 day simple moving average is $121.35. The firm has a market cap of $31.16 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week 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.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. Research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XYL. Stifel Nicolaus raised their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James upgraded Xylem to a "hold" rating in a research report on Thursday. Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.

About Xylem

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.