Xylem Inc. (NYSE:XYL) Shares Bought by Pictet Asset Management SA

Pictet Asset Management SA raised its holdings in Xylem Inc. (NYSE:XYLGet Rating) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,540,422 shares of the industrial products company’s stock after acquiring an additional 148,761 shares during the quarter. Pictet Asset Management SA’s holdings in Xylem were worth $664,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Xylem by 2.0% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,416 shares of the industrial products company’s stock worth $546,000 after buying an additional 86 shares during the last quarter. Green Alpha Advisors LLC increased its stake in shares of Xylem by 1.5% in the 4th quarter. Green Alpha Advisors LLC now owns 6,300 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 96 shares during the last quarter. National Asset Management Inc. increased its stake in shares of Xylem by 1.2% in the 3rd quarter. National Asset Management Inc. now owns 8,396 shares of the industrial products company’s stock valued at $1,038,000 after purchasing an additional 97 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Xylem by 2.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 4,077 shares of the industrial products company’s stock valued at $504,000 after purchasing an additional 98 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Xylem by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock worth $1,355,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

In related news, SVP Colin R. Sabol sold 4,233 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $83.05, for a total transaction of $351,550.65. Following the sale, the senior vice president now owns 27,373 shares of the company’s stock, valued at approximately $2,273,327.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

Shares of XYL stock traded up $1.90 during mid-day trading on Thursday, hitting $82.79. 1,024,518 shares of the stock traded hands, compared to its average volume of 1,431,643. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.77 and a current ratio of 1.62. The company’s 50-day simple moving average is $85.33 and its 200-day simple moving average is $103.50. Xylem Inc. has a twelve month low of $80.00 and a twelve month high of $138.78.

Xylem (NYSE:XYLGet Rating) last announced its earnings results on Wednesday, May 4th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. Xylem had a return on equity of 13.80% and a net margin of 8.10%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $0.56 EPS. Xylem’s revenue was up 1.3% compared to the same quarter last year. Analysts forecast that Xylem Inc. will post 2.54 earnings per share for the current year.

Several brokerages have commented on XYL. Mizuho cut their target price on Xylem from $115.00 to $85.00 in a report on Friday, May 6th. Morgan Stanley dropped their price objective on Xylem from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, April 18th. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Stifel Nicolaus reduced their target price on Xylem from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, April 18th. Finally, StockNews.com assumed coverage on Xylem in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $111.90.

Xylem Profile (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

Further Reading

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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