Public Employees Retirement System of Ohio Sells 5,293 Shares of Xylem Inc. (NYSE:XYL)

Public Employees Retirement System of Ohio lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,288 shares of the industrial products company's stock after selling 5,293 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Xylem were worth $14,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wedmont Private Capital increased its stake in shares of Xylem by 6.6% during the second quarter. Wedmont Private Capital now owns 2,160 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 134 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of Xylem by 9.6% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 3,482 shares of the industrial products company's stock worth $472,000 after buying an additional 305 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Xylem in the second quarter valued at $211,000. Welch Group LLC boosted its stake in Xylem by 69.6% during the second quarter. Welch Group LLC now owns 7,800 shares of the industrial products company's stock valued at $1,058,000 after buying an additional 3,200 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its stake in Xylem by 23.9% during the second quarter. Atticus Wealth Management LLC now owns 1,946 shares of the industrial products company's stock valued at $264,000 after buying an additional 376 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Down 4.0 %

NYSE XYL traded down $5.19 during trading on Wednesday, reaching $123.38. 2,268,546 shares of the company's stock were exchanged, compared to its average volume of 1,239,579. 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 fifty-two week low of $106.52 and a fifty-two week high of $146.08. The company's fifty day simple moving average is $128.22 and its 200-day simple moving average is $132.75. The firm has a market capitalization of $29.98 billion, a PE ratio of 36.08, a P/E/G ratio of 2.33 and a beta of 1.05.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm's revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Xylem's dividend payout ratio is 42.11%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XYL shares. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target for the company. Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Stifel Nicolaus dropped their price target on Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a report on Wednesday. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup raised Xylem from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $148.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.91.

Xylem Company 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.