Public Employees Retirement System of Ohio raised its holdings in Xylem Inc (NYSE:XYL) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 508,211 shares of the industrial products company’s stock after buying an additional 72,572 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Xylem were worth $34,660,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC grew its position in shares of Xylem by 1.2% in the 2nd quarter. Sentry Investment Management LLC now owns 11,839 shares of the industrial products company’s stock worth $656,000 after buying an additional 137 shares during the last quarter. Advisor Group Inc. grew its position in shares of Xylem by 18.3% in the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock worth $198,000 after buying an additional 555 shares during the last quarter. Barings LLC grew its position in shares of Xylem by 16.5% in the 4th quarter. Barings LLC now owns 5,656 shares of the industrial products company’s stock worth $386,000 after buying an additional 800 shares during the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of Xylem by 13.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,849 shares of the industrial products company’s stock worth $429,000 after buying an additional 808 shares during the last quarter. Finally, Gardiner Nancy B grew its position in shares of Xylem by 7.9% in the 3rd quarter. Gardiner Nancy B now owns 11,117 shares of the industrial products company’s stock worth $695,000 after buying an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

A number of brokerages have recently weighed in on XYL. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Saturday. Seaport Global Securities reiterated a “buy” rating and issued a $83.00 price objective on shares of Xylem in a research report on Friday, February 2nd. Canaccord Genuity restated a “hold” rating and issued a $75.00 target price on shares of Xylem in a research note on Sunday, January 28th. BMO Capital Markets restated a “buy” rating and issued a $83.00 target price on shares of Xylem in a research note on Friday, January 26th. Finally, Oppenheimer raised their target price on Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Xylem currently has a consensus rating of “Buy” and a consensus price target of $70.08.

In other Xylem news, Director Steven R. Loranger sold 47,712 shares of Xylem stock in a transaction 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 completion of the transaction, the director now owns 68,843 shares in the company, valued at $4,688,208.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Curtis J. Crawford sold 7,948 shares of Xylem stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the transaction, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The disclosure for this sale can be found here. Insiders have sold 75,455 shares of company stock valued at $5,166,873 in the last quarter. 0.75% of the stock is owned by company insiders.

Xylem Inc (XYL) opened at $71.93 on Tuesday. The company has a market capitalization of $12,719.27, a P/E ratio of 29.63, a PEG ratio of 1.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. Xylem Inc has a one year low of $46.95 and a one year high of $76.81.

Xylem (NYSE:XYL) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. analysts expect that Xylem Inc will post 2.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio (DPR) is presently 39.13%.

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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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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