Kentucky Retirement Systems Insurance Trust Fund Sells 658 Shares of Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in Xylem Inc. (NYSE:XYL) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,533 shares of the industrial products company’s stock after selling 658 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Xylem were worth $758,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after buying an additional 5,286 shares during the last quarter. MML Investors Services LLC lifted its stake in Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after buying an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after acquiring an additional 5,817 shares during the last quarter. Swedbank AB grew its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares during the period. Finally, Groupama Asset Managment grew its stake in Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after acquiring an additional 7,723 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XYL. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Performance

NYSE:XYL opened at $130.28 on Thursday. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $121.50 and its two-hundred day moving average price is $127.16. The stock has a market cap of $31.65 billion, a P/E ratio of 35.60, a PEG ratio of 2.32 and a beta of 1.07.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is presently 43.72%.

Xylem 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.