Xylem Inc. (NYSE:XYL) Stake Increased by Pioneer Investment Management Inc.

Pioneer Investment Management Inc. raised its stake in Xylem Inc. (NYSE:XYL) by 119.0% during the second quarter, Holdings Channel reports. The institutional investor owned 237,072 shares of the industrial products company’s stock after buying an additional 128,812 shares during the period. Pioneer Investment Management Inc.’s holdings in Xylem were worth $13,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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 in the last quarter. BlackRock Inc. raised 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 in the last quarter. Pictet Asset Management Ltd. raised its position in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares in the last quarter. Janus Capital Management LLC raised 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 in the last quarter. Finally, Impax Asset Management LTD raised 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 in the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.

Shares of Xylem Inc. (NYSE:XYL) opened at 59.12 on Friday. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $60.71. The company has a 50 day moving average price of $56.81 and a 200-day moving average price of $51.96. The firm has a market cap of $10.62 billion, a P/E ratio of 38.17 and a beta of 1.18.

Xylem (NYSE:XYL) last released 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. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 7.08% and a return on equity of 16.02%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, analysts expect that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

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XYL has been the topic of several recent analyst reports. CIBC reiterated a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. BMO Capital Markets lifted their target price on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Canaccord Genuity reiterated a “hold” rating and set a $50.00 target price on shares of Xylem in a report on Friday, July 28th. Royal Bank Of Canada lifted their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price on shares of Xylem in a report on Friday, May 26th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.00.

In related news, Director Steven R. Loranger sold 66,132 shares of the firm’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 transaction, the director now 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 SEC, which is available through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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