New York State Common Retirement Fund Boosts Holdings in Xylem Inc. $XYL

New York State Common Retirement Fund boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,229 shares of the industrial products company’s stock after buying an additional 14,234 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Xylem worth $52,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Xylem by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock valued at $3,841,711,000 after acquiring an additional 691,285 shares during the period. Geode Capital Management LLC lifted its position in Xylem by 2.3% during the second quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock valued at $791,029,000 after purchasing an additional 136,605 shares in the last quarter. Amundi grew its holdings in Xylem by 17.0% during the second quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after purchasing an additional 830,337 shares during the period. Impax Asset Management Group plc increased its position in Xylem by 13.7% in the second quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock worth $709,183,000 after buying an additional 663,191 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Xylem by 19.0% in the third quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after buying an additional 830,821 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xylem

In related news, Director Victoria D. Harker sold 1,700 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the transaction, the director directly owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XYL. Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Argus set a $170.00 price target on shares of Xylem in a research report on Wednesday, October 29th. Stifel Nicolaus increased their price objective on shares of Xylem from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Mizuho lowered their target price on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 5th. Finally, TD Cowen reiterated a “hold” rating on shares of Xylem in a research note on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.80.

Xylem Trading Up 1.8%

Shares of Xylem stock opened at $137.93 on Friday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27. The company has a quick ratio of 1.50, a current ratio of 1.96 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $139.65 and a 200-day moving average price of $141.69. The firm has a market cap of $33.58 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.92 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio is 41.13%.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.