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

Kentucky Retirement Systems lowered its position in Xylem Inc. (NYSE:XYL) by 7.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,921 shares of the industrial products company’s stock after selling 1,349 shares during the quarter. Kentucky Retirement Systems’ holdings in Xylem were worth $2,285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Bangor Savings Bank boosted its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem during the second quarter worth approximately $33,000. Blue Trust Inc. raised its holdings in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 311 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XYL. Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Stock Performance

XYL opened at $121.78 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $130.76 and its 200-day moving average is $134.74. The stock has a market cap of $29.59 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Xylem Inc. has a twelve month low of $99.90 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Profile

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.