ING Groep NV Purchases 71,861 Shares of Xylem Inc. (NYSE:XYL)

ING Groep NV grew its position in shares of Xylem Inc. (NYSE:XYL) by 220.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,485 shares of the industrial products company’s stock after purchasing an additional 71,861 shares during the quarter. ING Groep NV’s holdings in Xylem were worth $14,109,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XYL. Empowered Funds LLC lifted its holdings in shares of Xylem by 32.5% in the 1st quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock worth $495,000 after acquiring an additional 940 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 90 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Xylem by 2.8% during the first quarter. HBK Sorce Advisory LLC now owns 4,836 shares of the industrial products company’s stock valued at $625,000 after buying an additional 130 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Xylem during the first quarter valued at about $23,263,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Xylem during the first quarter valued at about $237,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 1.7 %

XYL stock opened at $121.63 on Friday. Xylem Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $146.08. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05. The business’s 50 day moving average price is $130.86 and its two-hundred day moving average price is $134.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen cut their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $147.17.

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.