Teacher Retirement System of Texas lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1,462.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,516 shares of the industrial products company's stock after purchasing an additional 33,243 shares during the quarter. Teacher Retirement System of Texas' holdings in Xylem were worth $4,243,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Norges Bank acquired a new stake in shares of Xylem during the 4th quarter worth approximately $302,734,000. Northern Trust Corp grew its holdings in Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after buying an additional 966,399 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Xylem in the 1st quarter worth approximately $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Xylem in the 4th quarter worth approximately $83,139,000. Finally, GAMMA Investing LLC grew its holdings in Xylem by 15,322.5% in the 1st quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock worth $60,522,000 after buying an additional 503,345 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.
Xylem Stock Up 0.4%
Shares of XYL traded up $0.52 during mid-day trading on Tuesday, reaching $131.52. The company's stock had a trading volume of 1,068,369 shares, compared to its average volume of 1,563,271. The business has a fifty day moving average of $126.17 and a 200 day moving average of $122.24. The company has a market cap of $32.01 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.
Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem's payout ratio is currently 43.01%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on XYL shares. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Citigroup decreased their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird decreased their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.
Read Our Latest Stock Analysis on XYL
Xylem Profile
(
Free Report)
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.
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