Xylem Inc. (NYSE:XYL) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of Xylem Inc. (NYSE:XYL) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 394,240 shares of the industrial products company’s stock after acquiring an additional 19,304 shares during the quarter. New York State Common Retirement Fund’s holdings in Xylem were worth $45,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its stake in Xylem by 35.1% during the 3rd quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock worth $380,762,000 after purchasing an additional 1,086,102 shares during the period. American Century Companies Inc. raised its holdings in shares of Xylem by 66.8% in the third quarter. American Century Companies Inc. now owns 2,159,710 shares of the industrial products company’s stock valued at $196,598,000 after buying an additional 864,711 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Xylem during the third quarter worth about $68,283,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Xylem during the fourth quarter worth about $74,297,000. Finally, Morgan Stanley increased its position in Xylem by 11.5% in the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after acquiring an additional 466,911 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $130.67 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $132.23. The firm has a 50-day moving average of $127.30 and a two-hundred day moving average of $113.22. The stock has a market cap of $31.67 billion, a P/E ratio of 48.04, a PEG ratio of 2.60 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. On average, research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is presently 52.94%.

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the subject of a number of recent research reports. Oppenheimer increased their price objective on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Stifel Nicolaus lifted their price objective on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $138.11.

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.