Henderson Group PLC Has $18.453 Million Stake in Xylem Inc (XYL)

Henderson Group PLC cut its stake in Xylem Inc (NYSE:XYL) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,480 shares of the industrial products company’s stock after selling 15,275 shares during the period. Henderson Group PLC owned approximately 0.20% of Xylem worth $18,453,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Xylem during the fourth quarter worth about $192,855,000. Guggenheim Capital LLC raised its position in shares of Xylem by 27.3% in the fourth quarter. Guggenheim Capital LLC now owns 1,189,649 shares of the industrial products company’s stock valued at $58,911,000 after buying an additional 255,211 shares during the last quarter. Peoples Financial Services CORP. raised its position in shares of Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock valued at $324,000 after buying an additional 200 shares during the last quarter. Comerica Bank raised its position in shares of Xylem by 2.1% in the fourth quarter. Comerica Bank now owns 86,960 shares of the industrial products company’s stock valued at $4,240,000 after buying an additional 1,811 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Xylem by 3.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,407 shares of the industrial products company’s stock valued at $1,437,000 after buying an additional 815 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Shares of Xylem Inc (NYSE:XYL) traded up 1.03% during mid-day trading on Friday, reaching $52.01. 711,435 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $50.80 and a 200 day moving average price of $49.98. Xylem Inc has a 12-month low of $42.52 and a 12-month high of $54.99. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 37.42 and a beta of 1.21.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. Xylem had a net margin of 6.89% and a return on equity of 16.64%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Xylem’s revenue for the quarter was up 26.4% compared to the same quarter last year. Analysts anticipate that Xylem Inc will post $2.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Thursday, May 25th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. Xylem’s dividend payout ratio is currently 42.76%.

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A number of brokerages recently weighed in on XYL. CIBC restated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Xylem in a research note on Tuesday, May 9th. Barclays PLC raised Xylem from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $59.00 in a research note on Monday. Canaccord Genuity reissued a “hold” rating and set a $50.00 price objective on shares of Xylem in a report on Wednesday, February 8th. Finally, Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating in a report on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and an average target price of $54.82.

In related news, insider Tomas Brannemo sold 14,080 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the sale, the insider now owns 21,000 shares in the company, valued at $1,057,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.77% of the stock is owned by corporate insiders.

About Xylem

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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