New York State Common Retirement Fund Purchases 19,304 Shares of Xylem Inc. (NYSE:XYL)

New York State Common Retirement Fund lifted its stake in Xylem Inc. (NYSE:XYL) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 394,240 shares of the industrial products company’s stock after acquiring an additional 19,304 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Xylem worth $45,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new position in shares of Xylem during the fourth quarter valued at $27,000. NBC Securities Inc. bought a new position in Xylem during the third quarter worth about $38,000. Orion Capital Management LLC acquired a new position in shares of Xylem during the 3rd quarter worth about $48,000. Gradient Investments LLC increased its stake in shares of Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 128 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its position in shares of Xylem by 34.9% in the 4th quarter. WASHINGTON TRUST Co now owns 619 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 160 shares during the period. Institutional investors own 87.96% of the company’s stock.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s 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 completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was 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 disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on XYL. Royal Bank of Canada upped their target price on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Robert W. Baird raised their price objective on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Oppenheimer boosted their target price on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Stifel Nicolaus increased their price target on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Citigroup lifted their price objective on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.11.

Xylem Stock Down 0.0 %

Shares of Xylem stock opened at $130.67 on Thursday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $132.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The business’s 50 day simple moving average is $127.30 and its 200 day simple moving average is $113.22. The firm has a market cap of $31.67 billion, a PE ratio of 48.04, a P/E/G ratio of 2.60 and a beta of 1.10.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is currently 52.94%.

Xylem Company 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.