Concentric Capital Strategies LP Takes Position in Xylem Inc. (NYSE:XYL)

Concentric Capital Strategies LP purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,634 shares of the industrial products company’s stock, valued at approximately $3,090,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC boosted its position in Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after buying an additional 135,492 shares during the period. Impax Asset Management Group plc grew its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. Invesco Ltd. increased its position in shares of Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock valued at $465,229,000 after acquiring an additional 359,276 shares during the period. Finally, Swedbank AB raised its stake in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after acquiring an additional 691,618 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL stock opened at $121.14 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.33 and a beta of 1.10. The business’s fifty day moving average is $117.53 and its 200 day moving average is $121.67. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business earned $0.90 EPS. Xylem’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. 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 note on Wednesday, April 30th. Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Robert W. Baird reduced their price objective on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Two equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.