Elefante Mark B Makes New Investment in Xylem Inc. (NYSE:XYL)

Elefante Mark B acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,121 shares of the industrial products company’s stock, valued at approximately $2,450,000. Xylem accounts for about 2.2% of Elefante Mark B’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nordea Investment Management AB grew its position in shares of Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Xylem by 6.3% during the 4th quarter. Diversified Trust Co now owns 13,468 shares of the industrial products company’s stock worth $1,563,000 after purchasing an additional 795 shares during the period. Fulton Bank N.A. bought a new stake in shares of Xylem during the fourth quarter worth $219,000. Wealth Enhancement Advisory Services LLC boosted its position in Xylem by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company’s stock valued at $5,648,000 after buying an additional 331 shares during the period. Finally, Czech National Bank grew its stake in Xylem by 6.5% in the 4th quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock worth $6,111,000 after acquiring an additional 3,197 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XYL has been the topic of several research analyst reports. Citigroup dropped their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus increased their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Robert W. Baird dropped their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.88.

Xylem Stock Up 1.8 %

Shares of Xylem stock opened at $123.30 on Friday. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The firm’s 50 day moving average price is $117.40 and its 200-day moving average price is $121.60. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.00 billion, a P/E ratio of 33.69, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.