California Public Employees Retirement System Has $47.21 Million Position in Xylem Inc. (NYSE:XYL)

California Public Employees Retirement System lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,886 shares of the industrial products company’s stock after selling 38,547 shares during the period. California Public Employees Retirement System owned 0.17% of Xylem worth $47,207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XYL. Impax Asset Management Group plc grew its stake in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Norges Bank acquired a new stake in shares of Xylem in the fourth quarter valued at about $302,734,000. AMF Tjanstepension AB bought a new position in shares of Xylem in the fourth quarter worth about $96,658,000. Victory Capital Management Inc. lifted its position in shares of Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after purchasing an additional 698,745 shares during the last quarter. Finally, Swedbank AB boosted its stake in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Trading Up 0.2 %

Shares of XYL stock opened at $119.74 on Wednesday. The company has a market capitalization of $29.10 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12-month low of $113.26 and a 12-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 firm has a 50-day moving average price of $125.65 and a 200 day moving average price of $125.69.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping 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 EPS. Xylem’s revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 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.