Public Employees Retirement Association of Colorado Sells 800 Shares of Xylem Inc. (NYSE:XYL)

Public Employees Retirement Association of Colorado decreased its position in shares of Xylem Inc. (NYSE:XYL) by 3.0% in the 1st quarter, HoldingsChannel reports. The fund owned 26,101 shares of the industrial products company’s stock after selling 800 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Xylem were worth $3,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Xylem by 3.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after buying an additional 79 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Xylem by 2.3% during the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock valued at $522,000 after buying an additional 90 shares during the last quarter. AtonRa Partners boosted its position in Xylem by 2.3% in the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 91 shares during the last quarter. Brown Advisory Inc. boosted its position in Xylem by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 92 shares during the last quarter. Finally, FFT Wealth Management LLC boosted its position in Xylem by 4.1% in the fourth quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Insider Activity

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

Xylem Price Performance

Shares of NYSE XYL opened at $142.87 on Tuesday. The firm has a market capitalization of $34.64 billion, a P/E ratio of 50.37, a P/E/G ratio of 2.50 and a beta of 1.04. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $138.47 and its two-hundred day simple moving average is $130.74. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. Xylem’s dividend payout ratio is currently 51.25%.

Analysts Set New Price Targets

Several research firms have weighed in on XYL. Mizuho boosted their price objective on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Citigroup upped their price target on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird upped their price target on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Argus upped their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada upped their price target on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.