Teacher Retirement System of Texas decreased its holdings in Xylem Inc (NYSE:XYL) by 8.1% in the 4th quarter, HoldingsChannel reports. The firm owned 48,951 shares of the industrial products company’s stock after selling 4,328 shares during the period. Teacher Retirement System of Texas’ holdings in Xylem were worth $3,338,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Invictus RG bought a new position in Xylem in the 3rd quarter valued at about $104,000. Hanson & Doremus Investment Management bought a new position in Xylem in the 4th quarter valued at about $126,000. FNY Partners Fund LP increased its holdings in Xylem by 2,700.0% in the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in Xylem in the 3rd quarter valued at about $205,000. Finally, UMB Bank N A MO bought a new position in Xylem in the 4th quarter valued at about $205,000. 85.14% of the stock is currently owned by hedge funds and other institutional investors.
In other Xylem news, Director Curtis J. Crawford sold 7,948 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total transaction of $570,427.96. Following the sale, the director now directly owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven R. Loranger sold 47,712 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the sale, the director now directly owns 68,843 shares in the company, valued at $4,688,208.30. The disclosure for this sale can be found here. Insiders have sold a total of 75,455 shares of company stock worth $5,166,873 over the last ninety days. 0.75% of the stock is currently owned by insiders.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. research analysts anticipate that Xylem Inc will post 2.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. Xylem’s payout ratio is 45.65%.
XYL has been the topic of several recent analyst reports. Oppenheimer reissued a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a report on Friday, December 15th. Canaccord Genuity reissued a “hold” rating and issued a $65.00 target price on shares of Xylem in a report on Monday, December 11th. BMO Capital Markets reissued a “buy” rating and issued a $86.00 target price on shares of Xylem in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.08.
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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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