DekaBank Deutsche Girozentrale Increases Stock Holdings in Xylem Inc (NYSE:XYL)

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DekaBank Deutsche Girozentrale increased its holdings in shares of Xylem Inc (NYSE:XYL) by 93.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 821,004 shares of the industrial products company’s stock after buying an additional 396,185 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Xylem were worth $67,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in XYL. BlackRock Inc. grew its stake in Xylem by 3.6% during the 1st quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock valued at $1,184,554,000 after purchasing an additional 516,715 shares during the last quarter. Parnassus Investments CA boosted its stake in shares of Xylem by 0.4% in the first quarter. Parnassus Investments CA now owns 6,274,124 shares of the industrial products company’s stock worth $495,907,000 after buying an additional 26,743 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Xylem by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 2,270,489 shares of the industrial products company’s stock worth $151,217,000 after buying an additional 134,307 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Xylem by 0.5% in the first quarter. Northern Trust Corp now owns 2,235,775 shares of the industrial products company’s stock worth $176,716,000 after buying an additional 10,680 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Xylem by 5.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,754,058 shares of the industrial products company’s stock worth $138,641,000 after buying an additional 91,397 shares during the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.

XYL has been the topic of a number of recent research reports. Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Friday, May 3rd. Stifel Nicolaus reduced their price target on Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Cowen cut Xylem from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $75.00 to $72.00 in a report on Tuesday, May 14th. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group lowered Xylem from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.69.

XYL opened at $77.04 on Wednesday. Xylem Inc has a 52 week low of $60.65 and a 52 week high of $85.39. The stock’s fifty day moving average price is $80.62. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts expect that Xylem Inc will post 3.17 earnings per share for the current year.

In other news, insider Kenneth Napolitano sold 5,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $75.23, for a total transaction of $376,150.00. Following the completion of the transaction, the insider now directly owns 46,228 shares in the company, valued at $3,477,732.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Claudia S. Toussaint sold 2,344 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $78.53, for a total value of $184,074.32. Following the completion of the sale, the senior vice president now owns 43,761 shares in the company, valued at $3,436,551.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,371 shares of company stock valued at $2,424,707. Company insiders own 0.85% of the company’s stock.

About Xylem

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

Further Reading: Capital gains and your 401(k) or IRA

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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