Xylem Inc. (NYSE:XYL) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its stake in Xylem Inc. (NYSE:XYL) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,274 shares of the industrial products company’s stock after selling 34,873 shares during the quarter. Jupiter Asset Management Ltd. owned 0.09% of Xylem worth $27,693,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Baillie Gifford & Co. grew its position in Xylem by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock valued at $350,701,000 after buying an additional 69,619 shares during the period. Victory Capital Management Inc. increased its holdings in Xylem by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock valued at $289,043,000 after buying an additional 16,713 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Xylem by 5.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,739,221 shares of the industrial products company’s stock worth $197,800,000 after acquiring an additional 85,438 shares during the period. Finally, Norges Bank purchased a new stake in shares of Xylem during the 4th quarter worth about $198,207,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL traded down $0.55 during trading hours on Friday, hitting $137.49. 1,038,513 shares of the company’s stock traded hands, compared to its average volume of 1,075,878. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The firm’s 50-day moving average is $138.92 and its 200-day moving average is $129.47. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market capitalization of $33.33 billion, a PE ratio of 48.93, a PEG ratio of 2.44 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. Equities analysts forecast that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. Xylem’s payout ratio is 51.25%.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Citigroup upped their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Mizuho increased their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $157.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.58.

Xylem 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.