Kentucky Retirement Systems Has $1.94 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Kentucky Retirement Systems lowered its stake in Xylem Inc. (NYSE:XYL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,691 shares of the industrial products company’s stock after selling 230 shares during the quarter. Kentucky Retirement Systems’ holdings in Xylem were worth $1,936,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Xylem during the 4th quarter worth $36,000. Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Assetmark Inc. increased its holdings in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 235 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 1.9 %

Xylem stock opened at $127.32 on Friday. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $30.93 billion, a P/E ratio of 34.79, a PEG ratio of 2.33 and a beta of 1.07. The stock has a 50-day simple moving average of $121.81 and a 200 day simple moving average of $127.19.

Xylem (NYSE:XYL) last posted its quarterly 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company posted $0.99 earnings per share. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of research reports. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $149.90.

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.