Kentucky Retirement Systems Decreases Stock Position in Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems decreased its position in shares of Xylem Inc. (NYSE:XYLFree Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,289 shares of the industrial products company’s stock after selling 486 shares during the period. Kentucky Retirement Systems’ holdings in Xylem were worth $2,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new position in Xylem during the third quarter valued at $258,000. Teacher Retirement System of Texas raised its position in shares of Xylem by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,543 shares of the industrial products company’s stock valued at $1,688,000 after buying an additional 447 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Xylem by 40.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 12,405 shares of the industrial products company’s stock valued at $1,129,000 after acquiring an additional 3,600 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Xylem by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 20,250 shares of the industrial products company’s stock worth $1,843,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Csenge Advisory Group bought a new stake in Xylem during the third quarter worth approximately $348,000. 87.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Xylem Stock Up 0.4 %

Shares of XYL stock opened at $143.32 on Monday. The stock’s fifty day moving average price is $131.70 and its 200 day moving average price is $119.16. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $144.03. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22.

Xylem (NYSE:XYLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, research analysts expect that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XYL. Oppenheimer raised their price target on Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price target on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Stifel Nicolaus boosted their target price on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, BNP Paribas started coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average price target of $140.70.

Get Our Latest Report on Xylem

Xylem Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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