Janus Henderson Group PLC Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Janus Henderson Group PLC cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,239,550 shares of the industrial products company’s stock after selling 241,763 shares during the quarter. Janus Henderson Group PLC owned approximately 0.51% of Xylem worth $167,298,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XYL. Charles Schwab Investment Management Inc. boosted its stake in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after acquiring an additional 5,817 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Xylem by 191.7% during 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 during the last quarter. Victory Capital Management Inc. grew its position in shares of Xylem by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after acquiring an additional 137,883 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Xylem by 22.9% in 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 during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Xylem by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock valued at $73,920,000 after acquiring an additional 77,639 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of NYSE XYL opened at $127.68 on Wednesday. The stock has a fifty day moving average price of $129.22 and a two-hundred day moving average price of $133.54. The firm has a market cap of $31.02 billion, a P/E ratio of 37.33, a PEG 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. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up .2% compared to the same quarter last year. Research analysts forecast 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. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several recent research reports. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.64.

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.