Teacher Retirement System of Texas Sells 134,404 Shares of Xylem Inc. (NYSE:XYL)

Teacher Retirement System of Texas decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent Form 13F 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 period. Teacher Retirement System of Texas' holdings in Xylem were worth $264,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem in the fourth quarter worth $36,000. Pathway Financial Advisers LLC raised its stake in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Xylem in the 4th quarter worth $39,000. 87.96% of the stock is owned by institutional investors.

Xylem Trading Down 5.9 %

Shares of NYSE XYL traded down $6.53 during mid-day trading on Friday, reaching $104.46. The company had a trading volume of 2,835,463 shares, compared to its average volume of 1,338,023. Xylem Inc. has a 52 week low of $104.24 and a 52 week high of $146.08. The business's 50-day moving average is $125.04 and its 200-day moving average is $125.24. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth 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 (NYSE:XYL - Get Free Report) last issued its 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 net margin of 10.40% and a return on equity of 9.96%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 1.53%. Xylem's payout ratio is 43.72%.

Analyst Ratings Changes

A number of research analysts recently commented on XYL shares. 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 report on Friday, January 24th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Robert W. Baird increased 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. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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.