Kentucky Retirement Systems Has $2.37 Million Stock Position in Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems lowered its position in shares of Xylem Inc. (NYSE:XYL) by 5.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,308 shares of the industrial products company’s stock after selling 981 shares during the quarter. Kentucky Retirement Systems’ holdings in Xylem were worth $2,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xylem by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 325,496 shares of the industrial products company’s stock worth $42,068,000 after buying an additional 1,732 shares in the last quarter. BOKF NA increased its position in shares of Xylem by 967.9% in the first quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock worth $8,869,000 after purchasing an additional 62,485 shares during the period. Magnetar Financial LLC bought a new position in shares of Xylem in the first quarter worth $757,000. Lazard Asset Management LLC increased its position in shares of Xylem by 2.5% in the first quarter. Lazard Asset Management LLC now owns 48,894 shares of the industrial products company’s stock worth $6,318,000 after purchasing an additional 1,213 shares during the period. Finally, LRI Investments LLC bought a new position in Xylem in the first quarter valued at about $237,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Xylem Trading Up 0.4 %

Shares of NYSE:XYL traded up $0.62 during midday trading on Monday, hitting $141.46. 448,116 shares of the stock were exchanged, compared to its average volume of 1,190,792. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 50.17, a P/E/G ratio of 2.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The business’s 50-day moving average price is $138.55 and its 200 day moving average price is $130.53. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. Analysts predict that Xylem Inc. will post 4.22 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio is currently 51.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their target price on Xylem from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Argus lifted their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen lifted their target price on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Robert W. Baird lifted their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.58.

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.