S Bank Fund Management Ltd Takes Position in Xylem Inc. (NYSE:XYL)

Key Points

• S Bank Fund Management Ltd has acquired 34,800 shares of Xylem Inc. (NYSE:XYL), which is valued at approximately $4.16 million.
• A majority of analysts currently rate Xylem's stock as a "Moderate Buy", with a consensus target price of $151.57.
• Xylem recently reported an earnings per share (EPS) of $1.26, exceeding expectations, and indicated a 6.1% increase in quarterly revenue year-over-year.

S Bank Fund Management Ltd bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,800 shares of the industrial products company's stock, valued at approximately $4,157,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after buying an additional 101 shares during the period. Perkins Coie Trust Co purchased a new stake in shares of Xylem in the 1st quarter valued at $27,000. Center for Financial Planning Inc. raised its holdings in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the 4th quarter valued at $36,000. Finally, Headlands Technologies LLC raised its holdings in shares of Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on XYL. Royal Bank Of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. 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 research note on Wednesday, April 30th. Citigroup reissued a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $151.57.

Xylem Stock Down 1.2%

Shares of NYSE:XYL traded down $1.66 on Thursday, hitting $141.87. 779,094 shares of the company's stock were exchanged, compared to its average volume of 1,165,846. The firm's 50-day moving average is $132.54 and its 200 day moving average is $125.70. The company has a market capitalization of $34.53 billion, a PE ratio of 36.85, a P/E/G ratio of 2.49 and a beta of 1.11. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS 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.