Xylem Inc. $XYL Stock Purchased by M&G PLC

M&G PLC increased its stake in Xylem Inc. (NYSE:XYL) by 60.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,243 shares of the industrial products company’s stock after acquiring an additional 5,378 shares during the quarter. M&G PLC’s holdings in Xylem were worth $1,439,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XYL. XXEC Inc. acquired a new stake in shares of Xylem in the second quarter valued at about $850,841,000. BlackRock Inc. purchased a new stake in shares of Xylem during the second quarter worth about $2,959,730,000. State Street Corp raised its position in shares of Xylem by 2.4% during the 2nd quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock worth $1,352,874,000 after purchasing an additional 270,972 shares during the last quarter. Royal Bank of Canada raised its position in shares of Xylem by 1.1% during the 1st quarter. Royal Bank of Canada now owns 4,763,241 shares of the industrial products company’s stock worth $569,207,000 after purchasing an additional 53,210 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Xylem during the 2nd quarter worth about $552,313,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Xylem news, Director D Koch acquired 11,000 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was bought at an average price of $89.60 per share, for a total transaction of $985,600.00. Following the acquisition, the director owned 12,247 shares in the company, valued at approximately $1,097,331.20. The trade was a 882.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

Xylem Price Performance

Xylem stock opened at $95.13 on Thursday. The company has a fifty day simple moving average of $102.81 and a 200-day simple moving average of $115.81. The firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.61 and a beta of 1.01. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 52-week low of $87.40 and a 52-week high of $151.99.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.01). The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. On average, equities analysts anticipate that Xylem Inc. will post 5.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research reports. Argus lowered shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Stifel Nicolaus cut their price objective on Xylem from $141.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Robert W. Baird set a $123.00 target price on Xylem in a report on Wednesday, October 28th. Jefferies Financial Group raised their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group decreased their target price on Xylem from $160.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $121.31.

Xylem Profile

Xylem Inc. is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure. The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.