Capstone Asset Management Co. increased its stake in Xylem Inc. (NYSE:XYL) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 18,123 shares of the industrial products company’s stock after buying an additional 184 shares during the period. Capstone Asset Management Co.’s holdings in Xylem were worth $1,005,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of XYL. 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 valued at $868,197,000 after buying an additional 619,368 shares during the period. 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 valued at $604,765,000 after buying an additional 11,570,613 shares during the period. 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 valued at $202,095,000 after buying an additional 1,027,438 shares during the period. 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 valued at $128,747,000 after buying an additional 86,938 shares during the period. 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 valued at $120,758,000 after buying an additional 472,504 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
Shares of Xylem Inc. (XYL) opened at 57.62 on Friday. The firm has a market capitalization of $10.36 billion, a PE ratio of 41.45 and a beta of 1.18. Xylem Inc. has a 12-month low of $45.60 and a 12-month high of $57.66. The company’s 50-day moving average price is $54.55 and its 200-day moving average price is $50.91.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. Analysts anticipate that Xylem Inc. will post $2.31 EPS for the current year.
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XYL has been the subject of several analyst reports. CIBC restated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Stifel Nicolaus restated a “hold” rating and set a $52.00 target price on shares of Xylem in a research report on Friday, May 26th. Oppenheimer Holdings, Inc. set a $58.00 target price on Xylem and gave the stock a “buy” rating in a research report on Wednesday, April 5th. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 4th. Finally, Boenning Scattergood restated a “buy” rating and set a $55.00 target price on shares of Xylem in a research report on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Xylem has an average rating of “Buy” and an average price target of $56.85.
In other Xylem news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares in the company, valued at $3,577,300.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tomas Brannemo sold 14,080 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the sale, the insider now owns 21,000 shares of the company’s stock, valued at $1,057,560. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.
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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