New York State Common Retirement Fund Acquires 14,234 Shares of Xylem Inc. $XYL

New York State Common Retirement Fund lifted its holdings in Xylem Inc. (NYSE:XYL) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 357,229 shares of the industrial products company’s stock after purchasing an additional 14,234 shares during the quarter. New York State Common Retirement Fund’s holdings in Xylem were worth $52,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC raised its position in Xylem by 2.1% during the second quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock valued at $492,000 after purchasing an additional 79 shares during the period. Private Trust Co. NA boosted its holdings in shares of Xylem by 22.4% in the 3rd quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 84 shares during the period. Ascent Wealth Partners LLC increased its position in shares of Xylem by 0.6% during the 3rd quarter. Ascent Wealth Partners LLC now owns 14,385 shares of the industrial products company’s stock valued at $2,122,000 after purchasing an additional 87 shares during the last quarter. Courier Capital LLC raised its holdings in Xylem by 4.8% during the 3rd quarter. Courier Capital LLC now owns 1,989 shares of the industrial products company’s stock valued at $293,000 after buying an additional 91 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in Xylem by 0.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,913 shares of the industrial products company’s stock valued at $2,642,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of XYL stock opened at $137.93 on Friday. The company has a market capitalization of $33.58 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.92 and a beta of 1.17. The company’s 50-day simple moving average is $139.65 and its two-hundred day simple moving average is $141.69. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50.

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

Xylem Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on XYL shares. Zacks Research lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Robert W. Baird set a $178.00 target price on shares of Xylem in a report on Wednesday, October 29th. Stifel Nicolaus lifted their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Finally, Citigroup raised their price objective on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $165.80.

Insider Buying and Selling at Xylem

In other news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the transaction, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

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.