Xylem Inc (XYL) Shares Sold by Janus Henderson Group PLC
Janus Henderson Group PLC cut its position in Xylem Inc (NYSE:XYL) by 32.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,258,287 shares of the industrial products company’s stock after selling 595,656 shares during the period. Janus Henderson Group PLC owned 0.70% of Xylem worth $78,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Invictus RG acquired a new stake in shares of Xylem in the third quarter worth approximately $104,000. Harfst & Associates Inc. boosted its stake in shares of Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 503 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Xylem in the second quarter worth approximately $168,000. FNY Partners Fund LP boosted its stake in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 181 shares during the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.
In other Xylem news, Director Steven R. Loranger sold 37,700 shares of Xylem stock in a transaction on Monday, November 6th. The stock was sold at an average price of $66.25, for a total value of $2,497,625.00. Following the sale, the director now owns 58,831 shares in the company, valued at $3,897,553.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the completion of the sale, the director now owns 52,385 shares in the company, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. Insiders sold 83,666 shares of company stock worth $5,528,289 in the last 90 days. Company insiders own 0.75% of the company’s stock.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year. equities analysts predict that Xylem Inc will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. Xylem’s dividend payout ratio is currently 41.86%.
A number of brokerages have recently issued reports on XYL. Boenning Scattergood reaffirmed a “buy” rating on shares of Xylem in a research note on Friday. Oppenheimer lifted their price target on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Cowen reiterated a “buy” rating and set a $70.00 price objective on shares of Xylem in a research report on Thursday, September 21st. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price objective on shares of Xylem in a research report on Wednesday, November 1st. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $65.17.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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