Elefante Mark B Purchases New Position in Xylem Inc. (NYSE:XYL)

Elefante Mark B acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,121 shares of the industrial products company's stock, valued at approximately $2,450,000. Xylem comprises 2.2% of Elefante Mark B's holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new position in shares of Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new stake in Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its stake in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after buying an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after acquiring an additional 130 shares during the period. Institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XYL shares. Stifel Nicolaus upped their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Royal Bank of Canada raised their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup lowered their target price 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $146.88.

Xylem Stock Down 0.4%

XYL traded down $0.54 during midday trading on Friday, reaching $122.77. 664,817 shares of the company were exchanged, compared to its average volume of 1,422,682. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company's fifty day moving average price is $117.32 and its 200 day moving average price is $121.41. The company 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. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. As a group, analysts expect that Xylem Inc. will post 4.65 EPS 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.