Kentucky Retirement Systems Has $1.94 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,691 shares of the industrial products company’s stock after selling 230 shares during the period. Kentucky Retirement Systems’ holdings in Xylem were worth $1,936,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XYL. State Street Corp raised its holdings in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares in the last quarter. Geode Capital Management LLC raised its holdings in Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after acquiring an additional 54,877 shares in the last quarter. Swedbank AB raised its holdings in 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 acquiring an additional 691,618 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Xylem by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after acquiring an additional 32,645 shares in the last quarter. Finally, Impax Asset Management Group plc raised its holdings 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 acquiring an additional 15,825 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on XYL. Robert W. Baird upped their price target on 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 report on Thursday, December 12th. TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Stock Down 1.9 %

NYSE XYL opened at $127.32 on Friday. The firm has a market cap of $30.93 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The stock’s 50 day simple moving average is $121.81 and its 200 day simple moving average is $127.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

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

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Xylem’s dividend payout ratio is 43.72%.

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.