Xylem Inc. (NYSE:XYL) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,299 shares of the industrial products company’s stock after buying an additional 207 shares during the quarter. Empirical Finance LLC’s holdings in Xylem were worth $986,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Swedbank AB acquired a new position in Xylem during the 1st quarter worth approximately $311,684,000. LPL Financial LLC grew its stake in shares of Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after purchasing an additional 230,878 shares in the last quarter. TCW Group Inc. increased its holdings in Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after buying an additional 206,350 shares during the last quarter. Marshall Wace LLP raised its stake in Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock valued at $31,070,000 after buying an additional 186,105 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Xylem during the 2nd quarter worth about $19,570,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen reduced their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Xylem Stock Up 0.1 %

XYL opened at $121.78 on Friday. The business has a 50 day moving average price of $130.76 and a two-hundred day moving average price of $134.72. Xylem Inc. has a 52 week low of $99.90 and a 52 week high of $146.08. The company has a market cap of $29.59 billion, a PE ratio of 35.61, a P/E/G ratio of 2.24 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

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.