1,778 Shares in Xylem Inc. (NYSE:XYL) Purchased by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC purchased a new position in shares of Xylem Inc. (NYSE:XYLFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,778 shares of the industrial products company’s stock, valued at approximately $203,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in Xylem in the fourth quarter valued at about $27,000. NBC Securities Inc. purchased a new position in Xylem in the third quarter valued at about $38,000. Spire Wealth Management increased its holdings in Xylem by 370.9% in the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares in the last quarter. Advantage Trust Co purchased a new position in Xylem in the fourth quarter valued at about $57,000. Finally, Orion Capital Management LLC purchased a new position in Xylem in the third quarter valued at about $48,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XYL. Mizuho increased their target price on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Citigroup lifted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird increased their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price target on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.70.

Read Our Latest Research Report on Xylem

Xylem Stock Up 0.4 %

XYL opened at $143.32 on Monday. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $144.03. The business has a 50-day moving average of $131.70 and a two-hundred day moving average of $119.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08.

Xylem (NYSE:XYLGet Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, research analysts expect that Xylem Inc. will post 4.24 earnings per share for the current year.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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