NGAM Advisors L.P. boosted its position in shares of Xylem Inc. (NYSE:XYL) by 57.5% during the second quarter, Holdings Channel reports. The firm owned 21,669 shares of the industrial products company’s stock after buying an additional 7,911 shares during the period. NGAM Advisors L.P.’s holdings in Xylem were worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Asset Planning Services Ltd. raised its stake in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Cribstone Capital Management LLC raised its stake in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares during the period. CENTRAL TRUST Co raised its stake in shares of Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Xylem during the first quarter worth approximately $151,000. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares during the period. Institutional investors own 87.16% of the company’s stock.

Shares of Xylem Inc. (NYSE XYL) opened at 59.86 on Wednesday. The company’s 50-day moving average price is $57.12 and its 200 day moving average price is $52.14. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 38.64 and a beta of 1.18. Xylem Inc. has a 12-month low of $45.60 and a 12-month high of $60.71.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. Equities analysts predict that Xylem Inc. will post $2.37 earnings per share for the current year.

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A number of analysts have recently commented on the company. Cowen and Company restated an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Xylem in a report on Wednesday, August 9th. BMO Capital Markets boosted their price target on Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price target on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $66.00 price target (up from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $50.00 price target on shares of Xylem in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.00.

In other Xylem news, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares in the company, valued at approximately $3,577,300.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Xylem Company Profile

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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