Public Employees Retirement Association of Colorado Sells 1,083 Shares of Xylem Inc. (NYSE:XYL)

Public Employees Retirement Association of Colorado cut its position in shares of Xylem Inc. (NYSE:XYL) by 4.1% during the second quarter, HoldingsChannel.com reports. The firm owned 25,018 shares of the industrial products company’s stock after selling 1,083 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Xylem were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Xylem by 3.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 79 shares during the period. Addison Advisors LLC grew its position in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 82 shares during the period. Waycross Investment Management Co grew its position in Xylem by 1.8% in the second quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after acquiring an additional 87 shares during the period. Finally, Bleakley Financial Group LLC grew its position in Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock valued at $522,000 after acquiring an additional 90 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Xylem stock opened at $134.81 on Monday. The stock’s fifty day moving average price is $133.68 and its two-hundred day moving average price is $134.24. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The firm has a market cap of $32.68 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue was up 26.0% on a year-over-year basis. As a group, research analysts expect that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. Xylem’s payout ratio is 51.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XYL shares. Robert W. Baird upped their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Oppenheimer upped their price target on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $147.54.

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.