New York State Common Retirement Fund increased its holdings in Xylem Inc. (NYSE:XYL – Get Rating) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,554 shares of the industrial products company’s stock after acquiring an additional 8,822 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Xylem worth $18,975,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of XYL. Norges Bank acquired a new position in shares of Xylem in the 4th quarter valued at $207,124,000. Victory Capital Management Inc. increased its holdings in shares of Xylem by 88.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,878,230 shares of the industrial products company’s stock valued at $159,657,000 after acquiring an additional 882,966 shares during the period. BlackRock Inc. increased its holdings in shares of Xylem by 5.0% in the 4th quarter. BlackRock Inc. now owns 18,052,578 shares of the industrial products company’s stock valued at $2,164,867,000 after acquiring an additional 852,446 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Xylem by 135.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 710,415 shares of the industrial products company’s stock valued at $60,572,000 after acquiring an additional 408,152 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Xylem by 80.3% in the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 721,999 shares of the industrial products company’s stock valued at $86,582,000 after acquiring an additional 321,549 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Xylem
In related news, SVP Hayati Yarkadas sold 2,082 shares of the business’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $74.18, for a total value of $154,442.76. Following the completion of the transaction, the senior vice president now owns 9,556 shares of the company’s stock, valued at approximately $708,864.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 8,055 shares of company stock valued at $633,114. 0.89% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on XYL shares. Northcoast Research started coverage on shares of Xylem in a research report on Friday, July 15th. They issued a “neutral” rating on the stock. Cowen upgraded shares of Xylem from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 1st. Cowen upgraded shares of Xylem from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Wednesday, June 1st. Citigroup lifted their price objective on shares of Xylem from $84.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Xylem from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, June 9th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.30.
Xylem Price Performance
Xylem stock opened at $97.70 on Friday. Xylem Inc. has a 52 week low of $72.08 and a 52 week high of $138.78. The company has a quick ratio of 1.21, a current ratio of 1.63 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $81.66 and its 200 day simple moving average is $86.17. The firm has a market capitalization of $17.60 billion, a PE ratio of 42.11, a P/E/G ratio of 3.13 and a beta of 1.11.
Xylem (NYSE:XYL – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. Xylem had a net margin of 8.06% and a return on equity of 13.66%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Xylem Inc. will post 2.54 EPS for the current fiscal year.
Xylem Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, May 26th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, May 25th. Xylem’s payout ratio is 51.72%.
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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