Louisiana State Employees Retirement System Has $1.86 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Louisiana State Employees Retirement System decreased its position in Xylem Inc. (NYSE:XYL) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,700 shares of the industrial products company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Xylem were worth $1,858,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new position in Xylem during the first quarter worth about $311,684,000. Norges Bank bought a new stake in Xylem in the fourth quarter valued at $198,207,000. Artisan Partners Limited Partnership acquired a new position in Xylem during the fourth quarter worth $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after acquiring an additional 1,547,043 shares during the period. Finally, Kodai Capital Management LP acquired a new stake in shares of Xylem in the 4th quarter valued at $133,945,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Stifel Nicolaus boosted their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen raised their price target on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Robert W. Baird lifted their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Mizuho lifted their price target on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

Insider Activity

In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem Stock Up 1.1 %

NYSE:XYL opened at $136.92 on Friday. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The stock’s fifty day simple moving average is $135.11 and its 200-day simple moving average is $132.99. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $33.26 billion, a P/E ratio of 48.73, a P/E/G ratio of 2.39 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company earned $0.98 EPS. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities research analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Xylem’s dividend payout ratio is 51.25%.

Xylem 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.