State of Alaska Department of Revenue Trims Stake in Xylem Inc. (NYSE:XYL)

State of Alaska Department of Revenue lowered its holdings in Xylem Inc. (NYSE:XYL) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,012 shares of the industrial products company’s stock after selling 8,850 shares during the period. State of Alaska Department of Revenue’s holdings in Xylem were worth $5,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XYL. Bruce G. Allen Investments LLC purchased a new stake in Xylem in the fourth quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in shares of Xylem during the 3rd quarter valued at $38,000. KB Financial Partners LLC bought a new stake in shares of Xylem during the 1st quarter worth $42,000. Coppell Advisory Solutions LLC purchased a new position in Xylem in the second quarter worth $45,000. Finally, ST Germain D J Co. Inc. purchased a new position in Xylem in the second quarter worth $46,000. Institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Xylem Stock Down 0.1 %

Shares of Xylem stock opened at $129.24 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $130.86. The company’s 50 day moving average price is $123.39 and its 200-day moving average price is $108.90. The stock has a market capitalization of $31.25 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 2.62 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $0.92 EPS. The company’s revenue was up 40.6% on a year-over-year basis. Equities research analysts forecast that Xylem Inc. will post 4.13 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. Xylem’s payout ratio is currently 52.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Stifel Nicolaus upped their target price on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Wolfe Research began coverage on shares of Xylem in a research note on Wednesday, December 13th. They set an “outperform” rating and a $127.00 price target on the stock. Finally, BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.00.

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.