Xylem Inc. (NYSE:XYL) Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,273 shares of the industrial products company's stock after selling 134,404 shares during the quarter. Teacher Retirement System of Texas' holdings in Xylem were worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter worth $36,000. Pathway Financial Advisers LLC increased its position 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 worth $37,000 after purchasing an additional 175 shares during the last quarter. SRS Capital Advisors Inc. increased its position 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 purchasing an additional 130 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Xylem in the 4th quarter valued at about $39,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XYL. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Stock Performance

XYL traded down $8.11 during trading on Thursday, reaching $110.94. 2,755,583 shares of the company were exchanged, compared to its average volume of 1,328,899. Xylem Inc. has a 52 week low of $110.90 and a 52 week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $125.38 and a 200 day moving average of $125.54. The stock has a market cap of $26.96 billion, a P/E ratio of 30.31, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly 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. The business 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 company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

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