Xylem Inc. (NYSE:XYL) Shares Purchased by Covestor Ltd

Covestor Ltd boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 677 shares of the industrial products company’s stock after purchasing an additional 111 shares during the quarter. Covestor Ltd’s holdings in Xylem were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Bangor Savings Bank grew its holdings in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its stake in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Xylem Stock Performance

XYL opened at $123.78 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $130.98 and its 200-day moving average is $134.85. The stock has a market cap of $30.07 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05. Xylem Inc. has a twelve month low of $99.90 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Company Profile

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.