Nisa Investment Advisors LLC boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,676 shares of the industrial products company’s stock after buying an additional 800 shares during the period. Nisa Investment Advisors LLC’s holdings in Xylem were worth $2,825,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of 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 last quarter. BlackRock Inc. boosted its position in shares of 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 last quarter. Pictet Asset Management Ltd. boosted its position in shares of 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 last quarter. Janus Capital Management LLC boosted its position in shares of 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 last quarter. Finally, Impax Asset Management LTD boosted its position in shares of 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 last quarter. 85.76% of the stock is currently owned by hedge funds and other institutional investors.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 7.08% and a return on equity of 16.02%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year.
Several equities analysts have recently weighed in on XYL shares. CIBC restated a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. BMO Capital Markets raised their price objective on Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Canaccord Genuity restated a “hold” rating and issued a $50.00 price objective on shares of Xylem in a report on Friday, July 28th. Royal Bank Of Canada raised their price objective 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 restated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a report on Friday, May 26th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and a consensus price target of $58.23.
In other Xylem news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.
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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