California State Teachers Retirement System decreased its position in shares of Xylem Inc. (NYSE:XYL) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,852 shares of the industrial products company’s stock after selling 22,401 shares during the quarter. California State Teachers Retirement System owned 0.19% of Xylem worth $18,782,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. lifted its holdings in shares of Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings 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 worth $740,000 after purchasing an additional 39 shares during the period. National Asset Management Inc. lifted its holdings 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 worth $442,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc lifted its holdings 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 worth $980,000 after purchasing an additional 58 shares during the period. Finally, Page Arthur B lifted its holdings 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 worth $798,000 after purchasing an additional 70 shares during the period. 86.08% of the stock is owned by hedge funds and other institutional investors.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. Xylem’s dividend payout ratio is currently 46.45%.

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A number of research firms recently commented on XYL. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $63.00 target price on shares of Xylem in a report on Friday, October 13th. BMO Capital Markets lifted their target price on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $66.00 target price (up previously from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $67.00 target price on shares of Xylem in a report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.92.

In other news, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Xylem Profile

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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