Employees Retirement System of Texas continued to hold its stake in Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,000 shares of the industrial products company’s stock at the close of the second quarter. Employees Retirement System of Texas owned approximately 0.08% of Xylem worth $8,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XYL. Farmers & Merchants Investments Inc. increased its stake in shares of Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after buying an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Xylem by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 39 shares during the period. National Asset Management Inc. lifted its stake in shares of Xylem by 0.5% during the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 48 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Xylem by 0.3% during the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after acquiring an additional 58 shares during the period. Finally, Page Arthur B lifted its stake in shares of Xylem by 0.5% during the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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In related news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Xylem Inc. (NYSE XYL) traded down 0.55% on Tuesday, reaching $62.97. 62,621 shares of the company traded hands. The stock has a market capitalization of $11.31 billion, a PE ratio of 40.65 and a beta of 1.17. Xylem Inc. has a one year low of $45.60 and a one year high of $64.80. The firm has a 50 day moving average of $61.98 and a 200-day moving average of $55.44.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.48 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that Xylem Inc. will post $2.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 46.45%.

Several research firms recently issued reports on XYL. Cowen and Company reiterated an “outperform” rating and issued a $70.00 price target (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. boosted their price objective on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $63.00 price objective on shares of Xylem in a report on Tuesday, September 5th. Boenning Scattergood restated an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Finally, BMO Capital Markets started coverage on shares of Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $59.67.

About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It 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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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