Mercer Global Advisors Inc. ADV bought a new stake in shares of Xylem Inc (NYSE:XYL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,154 shares of the industrial products company’s stock, valued at approximately $277,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in XYL. Norges Bank purchased a new stake in Xylem during the 4th quarter valued at $251,391,000. Impax Asset Management Group plc raised its stake in Xylem by 18.3% during the 4th quarter. Impax Asset Management Group plc now owns 4,299,123 shares of the industrial products company’s stock valued at $286,837,000 after buying an additional 666,437 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Xylem by 61.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,662,661 shares of the industrial products company’s stock valued at $110,933,000 after buying an additional 631,858 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Xylem during the 4th quarter valued at $39,742,000. Finally, Ardevora Asset Management LLP purchased a new stake in Xylem during the 4th quarter valued at $35,408,000. Institutional investors and hedge funds own 86.64% of the company’s stock.
A number of brokerages have weighed in on XYL. Janney Montgomery Scott lowered shares of Xylem from a “buy” rating to a “neutral” rating in a research note on Friday, March 29th. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. Oppenheimer set a $80.00 price objective on shares of Xylem and gave the company a “buy” rating in a research report on Monday, February 4th. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Xylem from $80.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Xylem currently has an average rating of “Buy” and a consensus price target of $79.64.
Shares of XYL stock opened at $83.49 on Tuesday. Xylem Inc has a 1 year low of $60.65 and a 1 year high of $83.55. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.74. The firm has a market cap of $14.85 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
Xylem (NYSE:XYL) last issued its earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Xylem had a net margin of 10.54% and a return on equity of 19.89%. On average, sell-side analysts forecast that Xylem Inc will post 3.31 earnings per share for the current fiscal year.
In related news, Director Steven R. Loranger sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $76.99, for a total value of $769,900.00. Following the completion of the transaction, the director now owns 26,744 shares of the company’s stock, valued at approximately $2,059,020.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth Napolitano sold 35,526 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $70.17, for a total transaction of $2,492,859.42. The disclosure for this sale can be found here. Insiders sold a total of 80,195 shares of company stock valued at $6,000,933 in the last ninety days. 0.85% of the stock is currently owned by insiders.
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Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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