Xylem Inc. (NYSE:XYL) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in shares of Xylem Inc. (NYSE:XYL) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,807 shares of the industrial products company’s stock after selling 1,211 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Xylem were worth $2,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Xylem in the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem during the 4th quarter valued at $36,000. Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XYL shares. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus reduced their target price on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.33.

Xylem Stock Performance

XYL stock opened at $118.85 on Wednesday. The stock’s 50 day simple moving average is $118.39 and its 200 day simple moving average is $122.18. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The firm has a market cap of $28.92 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. During the same quarter in the previous year, the business earned $0.90 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Xylem’s dividend payout ratio (DPR) is 43.72%.

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.