Independent Investors Inc. grew its position in shares of Xylem Inc (NYSE:XYL) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the industrial products company’s stock after buying an additional 230 shares during the quarter. Independent Investors Inc.’s holdings in Xylem were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Notis McConarty Edward raised its holdings in Xylem by 5.9% in the 3rd quarter. Notis McConarty Edward now owns 17,945 shares of the industrial products company’s stock worth $1,433,000 after purchasing an additional 1,000 shares during the period. Scout Investments Inc. raised its holdings in Xylem by 4.8% in the 3rd quarter. Scout Investments Inc. now owns 326,509 shares of the industrial products company’s stock worth $26,078,000 after purchasing an additional 14,991 shares during the period. Trust Co. of Vermont increased its stake in Xylem by 50.8% in the 3rd quarter. Trust Co. of Vermont now owns 3,818 shares of the industrial products company’s stock worth $305,000 after buying an additional 1,287 shares in the last quarter. Morgan Stanley increased its stake in Xylem by 43.1% in the 2nd quarter. Morgan Stanley now owns 1,175,977 shares of the industrial products company’s stock worth $79,238,000 after buying an additional 354,340 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Xylem by 23.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 130,420 shares of the industrial products company’s stock worth $10,417,000 after buying an additional 25,110 shares in the last quarter. 83.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on XYL shares. Vertical Research lowered Xylem from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Cowen restated a “buy” rating and set a $85.00 price objective on shares of Xylem in a research report on Friday, October 12th. Berenberg Bank initiated coverage on Xylem in a research report on Wednesday, October 3rd. They set a “sell” rating and a $65.00 price objective for the company. Stifel Nicolaus upgraded Xylem from a “hold” rating to a “buy” rating and raised their price objective for the company from $72.00 to $75.00 in a research report on Wednesday, December 19th. Finally, Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $78.64.

XYL opened at $69.32 on Monday. The stock has a market capitalization of $12.16 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.14 and a beta of 1.25. Xylem Inc has a 12 month low of $60.65 and a 12 month high of $82.44. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.83.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Analysts anticipate that Xylem Inc will post 2.89 earnings per share for the current year.

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About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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