Keybank National Association OH lifted its stake in shares of Xylem Inc (NYSE:XYL) by 520.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,849 shares of the industrial products company’s stock after purchasing an additional 217,968 shares during the period. Keybank National Association OH owned about 0.14% of Xylem worth $21,734,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in XYL. Dimensional Fund Advisors LP lifted its holdings in shares of Xylem by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,272 shares of the industrial products company’s stock valued at $69,002,000 after buying an additional 36,080 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xylem by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 2,270,489 shares of the industrial products company’s stock valued at $151,217,000 after buying an additional 134,307 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Xylem by 9.1% during the 4th quarter. Macquarie Group Ltd. now owns 3,104 shares of the industrial products company’s stock valued at $207,000 after buying an additional 260 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Xylem during the 1st quarter valued at $277,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Xylem by 0.9% during the 1st quarter. Retirement Systems of Alabama now owns 83,607 shares of the industrial products company’s stock valued at $6,608,000 after buying an additional 774 shares during the period. 85.62% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:XYL traded down $1.96 during midday trading on Wednesday, hitting $75.08. The company had a trading volume of 20,556 shares, compared to its average volume of 852,593. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. The firm has a market cap of $13.64 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. Xylem Inc has a 12-month low of $60.65 and a 12-month high of $85.39. The business has a fifty day simple moving average of $80.62.
Several equities analysts have recently weighed in on XYL shares. Cowen cut Xylem from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $75.00 to $72.00 in a report on Tuesday, May 14th. Credit Suisse Group cut Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. Janney Montgomery Scott raised Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, May 3rd. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus lowered their price target on Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.69.
In other news, insider Tomas Brannemo sold 6,683 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $81.90, for a total value of $547,337.70. Following the completion of the sale, the insider now directly owns 20,161 shares in the company, valued at approximately $1,651,185.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $75.13, for a total value of $375,650.00. Following the completion of the sale, the insider now owns 46,228 shares of the company’s stock, valued at $3,473,109.64. The disclosure for this sale can be found here. Insiders sold a total of 30,371 shares of company stock valued at $2,424,707 over the last 90 days. 0.85% of the stock is currently owned by company insiders.
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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