New York State Common Retirement Fund Increases Stock Position in Xylem Inc. (NYSE:XYL)

New York State Common Retirement Fund boosted its holdings in Xylem Inc. (NYSE:XYL) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 368,047 shares of the industrial products company’s stock after purchasing an additional 2,997 shares during the period. New York State Common Retirement Fund’s holdings in Xylem were worth $49,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. BNP Paribas Financial Markets grew its stake in shares of Xylem by 21.5% in the first quarter. BNP Paribas Financial Markets now owns 379,273 shares of the industrial products company’s stock worth $49,017,000 after purchasing an additional 66,997 shares during the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Xylem during the first quarter valued at approximately $201,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Xylem by 23.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,158 shares of the industrial products company’s stock valued at $925,000 after acquiring an additional 1,340 shares in the last quarter. Choreo LLC purchased a new stake in Xylem in the first quarter worth $220,000. Finally, BNP Paribas bought a new stake in Xylem in the first quarter valued at $694,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 1.9 %

Shares of NYSE:XYL opened at $119.46 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.33. Xylem Inc. has a 1 year low of $93.86 and a 1 year high of $146.08. The company has a market cap of $29.02 billion, a P/E ratio of 34.93, a PEG ratio of 2.14 and a beta of 1.05. The stock’s fifty day moving average price is $132.78 and its 200-day moving average price is $135.13.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business earned $0.99 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Xylem’s payout ratio is 42.11%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XYL. Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen restated a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.25.

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.