Teachers Retirement System of The State of Kentucky Has $2.24 Million Position in Xylem Inc. (NYSE:XYL)

Teachers Retirement System of The State of Kentucky grew its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,751 shares of the industrial products company's stock after buying an additional 2,333 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Xylem were worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co purchased a new stake in Xylem during the first quarter worth $27,000. Center for Financial Planning Inc. grew its holdings in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Xylem in the fourth quarter valued at $36,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Xylem during the 1st quarter worth $41,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Citigroup reiterated a "buy" rating and set a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on shares of Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a report on Monday. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $149.29.

Xylem Price Performance

NYSE XYL traded down $0.49 on Thursday, reaching $131.28. 716,327 shares of the stock traded hands, compared to its average volume of 1,144,015. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The company has a market cap of $31.95 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.39 and a beta of 1.12. The firm's fifty day simple moving average is $128.31 and its 200 day simple moving average is $123.45. 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 posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem's payout ratio is 43.01%.

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.