Teacher Retirement System of Texas bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 53,279 shares of the industrial products company’s stock, valued at approximately $3,337,000.

A number of other large investors also recently added to or reduced their stakes in the stock. USS Investment Management Ltd acquired a new position in shares of Xylem in the 2nd quarter valued at $91,840,000. Janus Henderson Group PLC raised its stake in shares of Xylem by 404.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after buying an additional 1,486,463 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Xylem by 554.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock valued at $68,886,000 after buying an additional 1,052,719 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $48,151,000. Finally, State Street Corp raised its stake in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after buying an additional 861,484 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.

XYL has been the subject of a number of recent research reports. Canaccord Genuity restated a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research note on Friday, July 28th. BidaskClub cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $66.00 price objective (up previously from $60.00) on shares of Xylem in a research note on Tuesday, August 1st. Royal Bank Of Canada increased their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and an average price target of $65.17.

Shares of Xylem Inc. (NYSE:XYL) opened at $66.99 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. Xylem Inc. has a fifty-two week low of $46.67 and a fifty-two week high of $67.64. The firm has a market cap of $12,030.00, a PE ratio of 29.00, a PEG ratio of 1.85 and a beta of 1.16.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 33.2% on a year-over-year basis. research analysts expect that Xylem Inc. will post 2.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio is currently 41.86%.

In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the sale, the director now owns 52,385 shares of the company’s stock, valued at approximately $3,480,459.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven R. Loranger sold 37,700 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the sale, the director now directly owns 58,831 shares in the company, valued at approximately $3,897,553.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,270 shares of company stock worth $5,501,312. Insiders own 0.75% of the company’s stock.

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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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