Capstone Asset Management Co. boosted its stake in Xylem Inc. (NYSE:XYL) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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 quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares in the last quarter. Cribstone Capital Management LLC raised its position in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,247 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Xylem during the first quarter valued at $151,000. Finally, Pacer Advisors Inc. raised its position in shares of Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock valued at $186,000 after buying an additional 121 shares in the last quarter. 86.41% of the stock is currently owned by hedge funds and other institutional investors.
Xylem Inc. (XYL) opened at 59.71 on Thursday. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $60.71. The company’s 50-day moving average is $56.50 and its 200-day moving average is $51.83. The stock has a market capitalization of $10.72 billion, a P/E ratio of 38.55 and a beta of 1.18.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Xylem’s revenue for the quarter was up 24.9% on a year-over-year basis. Equities analysts anticipate that Xylem Inc. will post $2.37 earnings per share for the current year.
Several research firms have recently commented on XYL. Barclays PLC raised shares of Xylem from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $51.00 to $59.00 in a report on Monday, May 15th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BMO Capital Markets started coverage on shares of Xylem in a report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price target for the company. CIBC reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Xylem presently has an average rating of “Buy” and a consensus price target of $59.00.
In other news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate 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.
Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
