Xylem Inc. $XYL Stock: Keybank National Association OH Trims Position

Keybank National Association OH reduced its position in shares of Xylem Inc. (NYSE:XYL) by 13.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 65,069 shares of the industrial products company’s stock after selling 9,892 shares during the period. Keybank National Association OH’s holdings in Xylem were worth $6,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XYL. Texas Bank & Trust Co increased its stake in shares of Xylem by 3.8% during the third quarter. Texas Bank & Trust Co now owns 2,750 shares of the industrial products company’s stock valued at $278,000 after buying an additional 100 shares during the period. M&G PLC lifted its stake in Xylem by 60.7% in the third quarter. M&G PLC now owns 14,243 shares of the industrial products company’s stock worth $1,439,000 after acquiring an additional 5,378 shares during the period. AlphaCore Capital LLC lifted its stake in Xylem by 52.9% in the third quarter. AlphaCore Capital LLC now owns 3,396 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 1,175 shares during the period. Fulcrum Asset Management LLP bought a new position in Xylem during the 3rd quarter worth about $514,000. Finally, StoneRidge PMG Advisors LLC bought a new position in Xylem during the 3rd quarter worth about $467,000. 87.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Xylem news, Director D Koch purchased 11,000 shares of the stock in a transaction on Thursday, October 29th. The stock was acquired at an average price of $89.60 per share, with a total value of $985,600.00. Following the completion of the acquisition, the director owned 12,247 shares in the company, valued at $1,097,331.20. The trade was a 882.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Xylem Stock Down 1.0%

Xylem stock opened at $94.14 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.02. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.59 and a beta of 1.01. Xylem Inc. has a 1-year low of $87.40 and a 1-year high of $150.51. The business has a fifty day moving average price of $102.56 and a 200-day moving average price of $115.56.

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

Analysts Set New Price Targets

XYL has been the topic of a number of research reports. Royal Bank Of Canada cut their target price on shares of Xylem from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Zacks Research cut shares of Xylem from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Wolfe Research initiated coverage on shares of Xylem in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Jefferies Financial Group lifted their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Finally, Oppenheimer reduced their target price on shares of Xylem from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Xylem currently has an average rating of “Hold” and an average target price of $121.31.

Xylem Company 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.