Kornitzer Capital Management Inc. KS boosted its stake in shares of Xylem Inc (NYSE:XYL) by 725.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,811 shares of the industrial products company’s stock after acquiring an additional 123,751 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Xylem were worth $11,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Xylem by 3.6% in the 1st quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock worth $1,184,554,000 after buying an additional 516,715 shares during the period. Parnassus Investments CA lifted its holdings in Xylem by 0.4% in the 1st quarter. Parnassus Investments CA now owns 6,274,124 shares of the industrial products company’s stock worth $495,907,000 after buying an additional 26,743 shares during the period. Geode Capital Management LLC lifted its holdings in Xylem by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 2,270,489 shares of the industrial products company’s stock worth $151,217,000 after buying an additional 134,307 shares during the period. Northern Trust Corp lifted its holdings in Xylem by 0.5% in the 1st quarter. Northern Trust Corp now owns 2,235,775 shares of the industrial products company’s stock worth $176,716,000 after buying an additional 10,680 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Xylem by 5.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,754,058 shares of the industrial products company’s stock worth $138,641,000 after buying an additional 91,397 shares during the period. Institutional investors own 85.62% of the company’s stock.

In related news, insider Kenneth Napolitano sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $75.13, for a total transaction of $375,650.00. Following the completion of the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,473,109.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Claudia S. Toussaint sold 2,344 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $78.53, for a total value of $184,074.32. Following the transaction, the senior vice president now directly owns 43,761 shares of the company’s stock, valued at approximately $3,436,551.33. 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 in the last three months. Corporate insiders own 0.85% of the company’s stock.

Shares of NYSE:XYL traded down $1.53 during trading on Wednesday, hitting $75.51. The stock had a trading volume of 13,883 shares, compared to its average volume of 852,593. Xylem Inc has a 12 month low of $60.65 and a 12 month high of $85.39. The company has a market cap of $13.64 billion, a P/E ratio of 26.23, a PEG ratio of 1.47 and a beta of 1.19. The company has a fifty day moving average of $80.62. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.47 and a quick ratio of 1.08.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that Xylem Inc will post 3.17 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on XYL shares. Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company 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. Credit Suisse Group cut Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Cowen cut Xylem from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $75.00 to $72.00 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Xylem has an average rating of “Buy” and a consensus price target of $79.69.

About Xylem

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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