Xylem Inc. (NYSE:XYL) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,780 shares of the industrial products company's stock after selling 42,835 shares during the period. State of Tennessee Department of Treasury's holdings in Xylem were worth $7,284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC bought a new stake in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. increased its holdings in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after buying an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% during 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 in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird lifted 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. Finally, Citigroup lowered their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.33.

Xylem Trading Up 0.5 %

Shares of NYSE:XYL traded up $0.62 during trading on Friday, hitting $116.23. The company had a trading volume of 1,923,112 shares, compared to its average volume of 1,404,520. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a fifty day simple moving average of $118.90 and a two-hundred day simple moving average of $122.35. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08.

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

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. Xylem's dividend payout ratio is presently 43.72%.

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.