Kentucky Retirement Systems Insurance Trust Fund Sells 629 Shares of Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,191 shares of the industrial products company’s stock after selling 629 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Xylem were worth $971,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swedbank AB boosted its position in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC boosted its holdings in shares of Xylem by 2.0% during the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after buying an additional 36,013 shares during the period. Impax Asset Management Group plc grew its stake in Xylem by 1.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after buying an additional 15,825 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Xylem by 2.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Xylem by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after acquiring an additional 137,883 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE XYL opened at $121.78 on Monday. The firm’s 50 day simple moving average is $130.76 and its 200 day simple moving average is $134.74. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.24 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $99.90 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue was up .2% compared to the same quarter last year. As a group, research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XYL shares. Stifel Nicolaus upped their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

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.