Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in Xylem Inc (NYSE:XYL) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,000 shares of the industrial products company’s stock after purchasing an additional 9,000 shares during the quarter. Xylem comprises about 2.5% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 14th largest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Xylem were worth $3,410,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Federated Investors Inc. PA increased its stake in Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 181 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Xylem in the second quarter valued at approximately $340,000. Wells Fargo & Company MN boosted its holdings in shares of Xylem by 8.4% in the second quarter. Wells Fargo & Company MN now owns 182,960 shares of the industrial products company’s stock valued at $10,141,000 after buying an additional 14,203 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Xylem by 3.0% in the second quarter. TIAA CREF Investment Management LLC now owns 395,004 shares of the industrial products company’s stock valued at $21,895,000 after buying an additional 11,336 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Xylem by 63.0% in the second quarter. Thrivent Financial For Lutherans now owns 118,249 shares of the industrial products company’s stock valued at $6,554,000 after buying an additional 45,689 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Steven R. Loranger sold 47,712 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $68.10, for a total value of $3,249,187.20. Following the sale, the director now directly owns 68,843 shares in the company, valued at approximately $4,688,208.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the completion of the sale, the insider now owns 61,979 shares in the company, valued at $4,078,837.99. The disclosure for this sale can be found here. Insiders sold a total of 150,777 shares of company stock worth $10,097,757 over the last three months. 0.75% of the stock is owned by insiders.
Several research analysts recently commented on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Thursday, October 5th. Robert W. Baird restated a “hold” rating and issued a $67.00 price target on shares of Xylem in a research note on Wednesday, October 4th. Cowen reiterated a “buy” rating and set a $70.00 target price on shares of Xylem in a research report on Thursday, September 21st. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.92.
Shares of Xylem Inc (XYL) traded up $0.09 during trading hours on Friday, hitting $71.11. 1,022,000 shares of the company were exchanged, compared to its average volume of 816,242. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market cap of $12,770.00, a P/E ratio of 41.34, a P/E/G ratio of 1.68 and a beta of 1.18. Xylem Inc has a 52 week low of $46.67 and a 52 week high of $71.49.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. analysts predict that Xylem Inc will post 2.39 EPS for the current year.
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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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