Xylem Inc. (NYSE:XYL) Position Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in Xylem Inc. (NYSE:XYL) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,100 shares of the industrial products company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Xylem were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after acquiring an additional 189,820 shares in the last quarter. Geode Capital Management LLC increased its position in Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after buying an additional 54,877 shares during the period. Swedbank AB lifted its holdings in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Xylem by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after acquiring an additional 32,645 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after acquiring an additional 15,825 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen decreased their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus dropped their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.90.

Xylem Trading Down 1.3 %

XYL opened at $129.41 on Monday. The company’s 50 day moving average is $121.33 and its 200-day moving average is $127.16. The company has a market cap of $31.44 billion, a P/E ratio of 35.36, a PEG ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Equities research analysts predict that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 39.34%.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.