Deutsche Bank AG increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,951,515 shares of the industrial products company's stock after purchasing an additional 194,658 shares during the period. Deutsche Bank AG owned 0.80% of Xylem worth $226,415,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after acquiring an additional 5,286 shares during the last quarter. Fulton Bank N.A. bought a new stake in Xylem during the fourth quarter worth approximately $219,000. Wealth Enhancement Advisory Services LLC increased its stake in Xylem by 0.7% during 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 last quarter. Czech National Bank increased its stake in Xylem by 6.5% during the fourth 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 during the last quarter. Finally, TT International Asset Management LTD increased its stake in Xylem by 70.5% during the fourth quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company's stock worth $2,976,000 after acquiring an additional 10,608 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
XYL has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.
View Our Latest Stock Analysis on Xylem
Xylem Stock Performance
NYSE:XYL traded up $4.41 during mid-day trading on Monday, hitting $127.26. The company's stock had a trading volume of 1,531,619 shares, compared to its average volume of 1,423,118. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market cap of $30.97 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.33 and a beta of 1.10. The business's fifty day moving average is $117.27 and its two-hundred day moving average is $121.39.
Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.90 EPS. The company's revenue for the quarter was up 1.8% on a year-over-year basis. Analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.
Xylem Company Profile
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Free Report)
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.
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