Public Employees Retirement System of Ohio Lowers Stock Holdings in Xylem Inc. $XYL

Public Employees Retirement System of Ohio cut its stake in shares of Xylem Inc. (NYSE:XYL) by 41.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,828 shares of the industrial products company’s stock after selling 51,161 shares during the period. Public Employees Retirement System of Ohio’s holdings in Xylem were worth $8,464,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Compound Planning Inc. grew its stake in shares of Xylem by 11.2% in the 1st quarter. Compound Planning Inc. now owns 2,512 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 254 shares during the last quarter. Modern Wealth Management LLC increased its holdings in shares of Xylem by 31.6% in the first quarter. Modern Wealth Management LLC now owns 8,971 shares of the industrial products company’s stock valued at $1,099,000 after purchasing an additional 2,153 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Xylem by 4,058.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 399,860 shares of the industrial products company’s stock worth $47,783,000 after purchasing an additional 390,245 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Xylem during the first quarter worth approximately $2,423,000. Finally, Inceptionr LLC acquired a new stake in shares of Xylem during the first quarter worth $973,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on XYL shares. Royal Bank Of Canada boosted their price objective on shares of Xylem from $157.00 to $159.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. UBS Group lifted their target price on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Stifel Nicolaus dropped their price target on shares of Xylem from $159.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Oppenheimer cut their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Citigroup reduced their price objective on shares of Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price of $153.15.

Xylem Stock Performance

NYSE:XYL opened at $120.20 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The stock has a market cap of $28.57 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The firm’s fifty day simple moving average is $114.27 and its 200-day simple moving average is $122.55.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Xylem Inc. will post 5.52 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, May 28th. Xylem’s dividend payout ratio (DPR) is presently 42.79%.

Insider Activity at Xylem

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were purchased at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the transaction, the director owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This represents a 4.65% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is owned by insiders.

Xylem Company 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.