Xylem Inc. (NYSE:XYL) Stock Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,886 shares of the industrial products company's stock after selling 38,547 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Xylem worth $47,207,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XYL. Lee Danner & Bass Inc. bought a new position in Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter worth about $36,000. Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after buying an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after buying an additional 130 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XYL shares. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Stifel Nicolaus lowered 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 six have issued a buy rating to the company's stock. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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Xylem Price Performance

XYL stock traded down $8.11 during trading on Thursday, hitting $110.94. The company had a trading volume of 2,755,583 shares, compared to its average volume of 1,328,899. The business has a 50 day moving average of $125.38 and a 200 day moving average of $125.54. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $110.90 and a fifty-two week high of $146.08.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's 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.