Xylem Inc. (NYSE:XYL) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 393,856 shares of the industrial products company’s stock after acquiring an additional 5,477 shares during the period. California State Teachers Retirement System’s holdings in Xylem were worth $50,902,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XYL. Norges Bank acquired a new position in Xylem in the fourth quarter worth $198,207,000. Artisan Partners Limited Partnership acquired a new position in Xylem in the fourth quarter worth $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares during the period. Kodai Capital Management LP acquired a new position in Xylem in the fourth quarter worth $133,945,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Xylem by 4,769.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock worth $106,056,000 after purchasing an additional 908,343 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on XYL. Stifel Nicolaus upped their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird upped their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer increased their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, TD Cowen increased their price target on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price of $146.08.

Xylem Price Performance

Xylem stock traded down $0.22 during mid-day trading on Thursday, hitting $133.28. 114,727 shares of the company were exchanged, compared to its average volume of 1,210,419. The company has a quick ratio of 1.22, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $138.22 and a 200 day moving average of $130.90. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a market capitalization of $32.31 billion, a PE ratio of 47.51, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, sell-side analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.