Retirement Systems of Alabama Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Retirement Systems of Alabama reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 52,207 shares of the industrial products company’s stock after selling 394 shares during the period. Retirement Systems of Alabama’s holdings in Xylem were worth $6,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XYL. D.A. Davidson & CO. increased its holdings in Xylem by 24.1% during the 4th quarter. D.A. Davidson & CO. now owns 6,678 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 1,297 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Xylem by 94.9% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,539 shares of the industrial products company’s stock worth $7,720,000 after purchasing an additional 32,400 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Xylem by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,504,165 shares of the industrial products company’s stock worth $174,513,000 after purchasing an additional 127,750 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Xylem during the 4th quarter worth approximately $52,000. Finally, Robeco Schweiz AG increased its holdings in Xylem by 10.7% during the 4th quarter. Robeco Schweiz AG now owns 1,144,735 shares of the industrial products company’s stock worth $132,812,000 after purchasing an additional 111,065 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL opened at $127.29 on Wednesday. The firm has a market cap of $30.97 billion, a PE ratio of 34.22, a PEG ratio of 2.29 and a beta of 1.13. The firm’s 50 day moving average price is $122.93 and its 200 day moving average price is $121.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Xylem’s dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price objective on the stock. Finally, Raymond James Financial upgraded shares of Xylem to a “hold” rating in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

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.