Municipal Employees Retirement System of Michigan reduced its position in shares of Xylem Inc. (NYSE:XYL) by 81.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,720 shares of the industrial products company’s stock after selling 25,740 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Xylem were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Xylem by 3.7% in the first quarter. Vanguard Group Inc. now owns 17,287,871 shares of the industrial products company’s stock worth $868,197,000 after buying an additional 619,368 shares in the last quarter. BlackRock Inc. increased its position in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock worth $604,765,000 after buying an additional 11,570,613 shares in the last quarter. Pictet Asset Management Ltd. increased its position in Xylem by 34.3% in the first quarter. Pictet Asset Management Ltd. now owns 4,024,188 shares of the industrial products company’s stock worth $202,095,000 after buying an additional 1,027,438 shares in the last quarter. Janus Capital Management LLC increased its position in Xylem by 3.5% in the first quarter. Janus Capital Management LLC now owns 2,563,661 shares of the industrial products company’s stock worth $128,747,000 after buying an additional 86,938 shares in the last quarter. Finally, Impax Asset Management LTD increased its position in Xylem by 24.5% in the first quarter. Impax Asset Management LTD now owns 2,404,602 shares of the industrial products company’s stock worth $120,758,000 after buying an additional 472,504 shares in the last quarter. 86.47% of the stock is currently owned by institutional investors.

Xylem Inc. (NYSE:XYL) opened at 61.11 on Wednesday. The stock has a 50 day moving average price of $58.12 and a 200 day moving average price of $52.71. The company has a market cap of $10.97 billion, a P/E ratio of 39.45 and a beta of 1.18. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $61.22.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, August 29th. Xylem’s dividend payout ratio is presently 46.45%.

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A number of research analysts have weighed in on XYL shares. CIBC reissued a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. BMO Capital Markets increased their target price on Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Canaccord Genuity reissued a “hold” rating and issued a $50.00 target price on shares of Xylem in a report on Friday, July 28th. Royal Bank Of Canada increased their target price on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price on shares of Xylem in a report on Friday, May 26th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.42.

In other Xylem news, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Xylem Company 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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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