Oregon Public Employees Retirement Fund decreased its stake in shares of Xylem Inc (NYSE:XYL) by 51.7% in the 4th quarter, Holdings Channel reports. The firm owned 22,098 shares of the industrial products company’s stock after selling 23,682 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Xylem were worth $1,474,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of XYL. BlackRock Inc. increased its position in Xylem by 18.4% during the third quarter. BlackRock Inc. now owns 15,644,128 shares of the industrial products company’s stock worth $1,249,498,000 after purchasing an additional 2,435,404 shares during the last quarter. TCW Group Inc. increased its position in Xylem by 2,014.0% during the third quarter. TCW Group Inc. now owns 629,983 shares of the industrial products company’s stock worth $50,317,000 after purchasing an additional 600,183 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Xylem during the fourth quarter worth approximately $39,742,000. Ardevora Asset Management LLP acquired a new position in Xylem during the fourth quarter worth approximately $35,408,000. Finally, Waratah Capital Advisors Ltd. acquired a new position in Xylem during the third quarter worth approximately $26,956,000. 84.75% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on XYL. Seaport Global Securities set a $80.00 price objective on shares of Xylem and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Xylem in a research note on Wednesday, October 31st. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, October 30th. Stifel Nicolaus upgraded shares of Xylem from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $75.00 in a research note on Wednesday, December 19th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $82.00 price objective on shares of Xylem in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $78.14.
XYL traded up $0.78 during trading on Monday, hitting $71.37. 61,361 shares of the company’s stock were exchanged, compared to its average volume of 954,503. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.74. Xylem Inc has a 1 year low of $60.65 and a 1 year high of $82.44. The company has a market cap of $12.69 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.22 and a beta of 1.21.
Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. Xylem had a net margin of 10.54% and a return on equity of 19.89%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Research analysts anticipate that Xylem Inc will post 3.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This is an increase from Xylem’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 1.35%. Xylem’s dividend payout ratio is 29.17%.
In other news, insider Kenneth Napolitano sold 35,526 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $70.17, for a total value of $2,492,859.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.
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Xylem Company Profile
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
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