Public Employees Retirement System of Ohio Sells 27,264 Shares of Xylem Inc. (NYSE:XYL)

Public Employees Retirement System of Ohio cut its position in Xylem Inc. (NYSE:XYL - Free Report) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,024 shares of the industrial products company's stock after selling 27,264 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Xylem were worth $9,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in Xylem in the fourth quarter valued at approximately $260,000. Janney Montgomery Scott LLC lifted its holdings in shares of Xylem by 24.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,901 shares of the industrial products company's stock worth $5,558,000 after acquiring an additional 9,474 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Xylem by 11.9% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,774 shares of the industrial products company's stock worth $206,000 after acquiring an additional 188 shares in the last quarter. Fifth Third Bancorp increased its stake in Xylem by 1.1% in the fourth quarter. Fifth Third Bancorp now owns 47,549 shares of the industrial products company's stock valued at $5,517,000 after acquiring an additional 536 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in Xylem by 6.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 9,052 shares of the industrial products company's stock valued at $1,050,000 after acquiring an additional 546 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 0.2%

XYL traded up $0.29 during trading on Friday, hitting $125.95. 2,624,076 shares of the stock traded hands, compared to its average volume of 1,404,432. The firm has a market capitalization of $30.65 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. 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 firm has a 50-day moving average of $118.04 and a 200 day moving average of $121.55.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The company's quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.27%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday. They issued an "overweight" rating and a $148.00 target price for the company. Raymond James raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lifted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.75.

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.