Retirement Systems of Alabama Raises Position in Xylem Inc. (XYL)
Retirement Systems of Alabama boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,104 shares of the company’s stock after buying an additional 318 shares during the period. Retirement Systems of Alabama owned approximately 0.15% of Xylem worth $12,328,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Xylem during the first quarter valued at $35,673,000. Legal & General Group Plc increased its stake in Xylem by 1.8% in the first quarter. Legal & General Group Plc now owns 767,829 shares of the company’s stock valued at $31,403,000 after buying an additional 13,271 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Xylem by 45.9% in the first quarter. Meeder Asset Management Inc. now owns 25,240 shares of the company’s stock valued at $1,032,000 after buying an additional 7,938 shares in the last quarter. Geode Capital Management LLC increased its stake in Xylem by 1.1% in the first quarter. Geode Capital Management LLC now owns 1,484,650 shares of the company’s stock valued at $60,604,000 after buying an additional 15,589 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Xylem by 362.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,240,920 shares of the company’s stock valued at $50,754,000 after buying an additional 972,803 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
Shares of Xylem Inc. (NYSE:XYL) traded down 0.40% on Tuesday, hitting $52.26. The stock had a trading volume of 1,232,370 shares. The stock has a market cap of $9.36 billion, a PE ratio of 27.90 and a beta of 1.14. Xylem Inc. has a 12 month low of $31.67 and a 12 month high of $53.25. The company has a 50 day moving average price of $50.93 and a 200-day moving average price of $45.98.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $932 million for the quarter, compared to analysts’ expectations of $927.69 million. Xylem had a net margin of 9.22% and a return on equity of 16.41%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. On average, equities research analysts anticipate that Xylem Inc. will post $2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st were given a dividend of $0.1549 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, August 29th. Xylem’s dividend payout ratio is 33.16%.
Several equities research analysts have issued reports on XYL shares. Atlantic Securities upgraded Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 target price on the stock in a research report on Monday, August 22nd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $52.00 target price (up previously from $46.00) on shares of Xylem in a research report on Monday, June 20th. Royal Bank Of Canada increased their target price on Xylem from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Zacks Investment Research downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Finally, Canaccord Genuity restated a “hold” rating and set a $50.00 target price (up previously from $45.00) on shares of Xylem in a research report on Tuesday, August 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.
In other news, Director Steven R. Loranger sold 32,246 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $48.01, for a total transaction of $1,548,130.46. Following the sale, the director now directly owns 38,334 shares in the company, valued at approximately $1,840,415.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colin R. Sabol sold 27,473 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $50.91, for a total transaction of $1,398,650.43. Following the sale, the insider now owns 65,530 shares in the company, valued at $3,336,132.30. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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