Ameriprise Financial Inc. grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,741,406 shares of the industrial products company's stock after buying an additional 43,612 shares during the period. Ameriprise Financial Inc. owned 0.72% of Xylem worth $202,038,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter valued at $36,000. Pathway Financial Advisers LLC boosted its position in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.
Xylem Stock Up 2.5%
Shares of Xylem stock traded up $3.07 during midday trading on Monday, reaching $125.92. 183,410 shares of the company's stock traded hands, compared to its average volume of 1,417,888. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The company's 50 day simple moving average is $117.32 and its 200 day simple moving average is $121.41. The company has a market cap of $30.64 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.
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 for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
XYL has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Citigroup decreased 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.
Get Our Latest Stock Analysis on XYL
About Xylem
(
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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