Eurizon Capital SGR S.p.A. Acquires 47,674 Shares of Xylem Inc. $XYL

Eurizon Capital SGR S.p.A. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 372,933 shares of the industrial products company’s stock after buying an additional 47,674 shares during the period. Eurizon Capital SGR S.p.A. owned about 0.16% of Xylem worth $37,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. King Luther Capital Management Corp increased its stake in shares of Xylem by 6.8% in the 3rd quarter. King Luther Capital Management Corp now owns 1,064,349 shares of the industrial products company’s stock worth $107,787,000 after purchasing an additional 67,315 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Xylem by 18.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 14,865 shares of the industrial products company’s stock worth $1,505,000 after purchasing an additional 2,275 shares during the period. UNIVEST FINANCIAL Corp lifted its position in Xylem by 21.8% during the third quarter. UNIVEST FINANCIAL Corp now owns 9,588 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 1,716 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Xylem during the third quarter valued at $118,000. Finally, Renasant Bank purchased a new position in Xylem during the third quarter valued at $441,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. Argus cut Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Barclays downgraded Xylem from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $139.00 to $104.00 in a research note on Wednesday, October 28th. BNP Paribas Exane lowered their price objective on Xylem from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Weiss Ratings lowered shares of Xylem from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. Finally, Jefferies Financial Group lifted their price target on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, August 24th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.31.

Xylem Price Performance

NYSE:XYL opened at $94.21 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $102.28 and its two-hundred day simple moving average is $115.33. The stock has a market cap of $21.61 billion, a PE ratio of 20.84, a P/E/G ratio of 1.57 and a beta of 1.01. Xylem Inc. has a 52 week low of $87.40 and a 52 week high of $146.76.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.01). Xylem had a net margin of 11.94% and a return on equity of 12.06%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Xylem’s revenue was down 3.0% on a year-over-year basis. As a group, analysts forecast that Xylem Inc. will post 5.45 EPS for the current fiscal year.

Insider Transactions at Xylem

In other Xylem news, Director D Koch purchased 11,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were bought at an average cost of $89.60 per share, with a total value of $985,600.00. Following the acquisition, the director owned 12,247 shares in the company, valued at approximately $1,097,331.20. This trade represents a 882.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

Top Xylem Stories

These are some of the XYL stories that stood out recently:

• Positive Sentiment: Xylem’s board authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company may buy shares on the open market or in private transactions, depending on market conditions. Buybacks can return capital to shareholders and may support per-share results, though the authorization does not guarantee that the full amount will be spent. Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
• Positive Sentiment: The company declared a fourth-quarter dividend of $0.43 per share, payable December 22 to shareholders of record November 24. The payout provides a cash return to shareholders; the announcement did not specify a dividend increase. Xylem Declares Fourth Quarter Dividend of 43 Cents per Share
• Positive Sentiment: A November 12 report said Xylem acquired Cornell Pump and Roper Pump, expanding its engineered-pumping portfolio for industrial and municipal markets. The additions could broaden its offerings, although the article provides no deal terms or financial contribution details. Xylem Acquires Cornell Pump and Roper Pump to Expand Portfolio

Xylem Profile

Xylem Inc. is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure. The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.