Concentric Capital Strategies LP Makes New $3.09 Million Investment in Xylem Inc. (NYSE:XYL)

Concentric Capital Strategies LP bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,634 shares of the industrial products company's stock, valued at approximately $3,090,000.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its holdings in Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after purchasing an additional 5,286 shares during the period. Diversified Trust Co increased its stake in shares of Xylem by 6.3% during the fourth quarter. Diversified Trust Co now owns 13,468 shares of the industrial products company's stock valued at $1,563,000 after buying an additional 795 shares during the period. Fulton Bank N.A. bought a new stake in shares of Xylem in the fourth quarter valued at about $219,000. Wealth Enhancement Advisory Services LLC lifted its stake in Xylem by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company's stock worth $5,648,000 after acquiring an additional 331 shares during the period. Finally, Czech National Bank grew its holdings in Xylem by 6.5% during 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xylem Stock Down 0.4 %

NYSE XYL traded down $0.54 on Friday, hitting $122.77. The stock had a trading volume of 664,817 shares, compared to its average volume of 1,422,682. The business's fifty day moving average price is $117.32 and its 200 day moving average price is $121.47. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) 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. Equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem 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.