Xylem Inc. (NYSE:XYL) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 72.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,338 shares of the industrial products company’s stock after buying an additional 46,341 shares during the period. Gotham Asset Management LLC’s holdings in Xylem were worth $12,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Lee Danner & Bass Inc. acquired a new stake in Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem during the fourth quarter worth about $31,000. Heck Capital Advisors LLC acquired a new stake in Xylem during the fourth quarter worth about $36,000. SRS Capital Advisors Inc. increased its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 0.4%

Shares of XYL stock opened at $122.77 on Monday. 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 firm has a market cap of $29.88 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a 50-day moving average of $117.32 and a two-hundred day moving average of $121.41. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Analyst Ratings Changes

XYL has been the subject of several recent analyst reports. Royal Bank of Canada raised 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. Stifel Nicolaus raised their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird cut their price objective 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. 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.88.

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.