Millennium Management LLC Sells 46,483 Shares of Xylem Inc (XYL)

Millennium Management LLC reduced its stake in shares of Xylem Inc (NYSE:XYL) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,910 shares of the industrial products company’s stock after selling 46,483 shares during the quarter. Millennium Management LLC owned 0.09% of Xylem worth $10,769,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Xylem by 16.0% during the fourth quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock valued at $963,668,000 after buying an additional 1,949,335 shares during the last quarter. Parnassus Investments CA grew its stake in shares of Xylem by 0.8% during the fourth quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock valued at $413,518,000 after buying an additional 48,919 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Xylem by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock valued at $138,016,000 after buying an additional 106,271 shares during the last quarter. KAMES CAPITAL plc grew its stake in shares of Xylem by 16.1% during the fourth quarter. KAMES CAPITAL plc now owns 1,098,865 shares of the industrial products company’s stock valued at $74,943,000 after buying an additional 152,355 shares during the last quarter. Finally, Chilton Investment Co. LLC grew its stake in shares of Xylem by 0.6% during the fourth quarter. Chilton Investment Co. LLC now owns 982,583 shares of the industrial products company’s stock valued at $67,012,000 after buying an additional 5,627 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of XYL opened at $75.40 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87. Xylem Inc has a one year low of $48.81 and a one year high of $79.83. The stock has a market capitalization of $13,959.70, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.49 and a beta of 1.10.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business posted $0.66 earnings per share. Xylem’s quarterly revenue was up 16.6% compared to the same quarter last year. sell-side analysts predict that Xylem Inc will post 2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th were issued a $0.21 dividend. The ex-dividend date was Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.11%. Xylem’s dividend payout ratio (DPR) is 35.00%.

In other Xylem news, insider Tomas Brannemo sold 1,151 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total value of $87,947.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Curtis J. Crawford sold 7,948 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the completion of the sale, the director now owns 55,245 shares of the company’s stock, valued at $3,964,933.65. The disclosure for this sale can be found here. Insiders sold 21,105 shares of company stock valued at $1,540,907 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

XYL has been the subject of a number of analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity reiterated a “hold” rating and set a $65.00 target price on shares of Xylem in a report on Monday, December 11th. Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a report on Friday, December 15th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $83.00 target price on shares of Xylem in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $74.00.

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Xylem Company Profile

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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