TD Asset Management Inc. raised its position in Xylem Inc. (NYSE:XYL) by 217.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 827,314 shares of the industrial products company’s stock after buying an additional 566,484 shares during the period. TD Asset Management Inc. owned 0.46% of Xylem worth $45,858,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XYL. Cambridge Trust Co. raised its stake in Xylem by 4.7% in the second quarter. Cambridge Trust Co. now owns 161,060 shares of the industrial products company’s stock worth $8,927,000 after buying an additional 7,178 shares in the last quarter. Bowen Hanes & Co. Inc. raised its stake in Xylem by 147.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 30,485 shares of the industrial products company’s stock worth $1,690,000 after buying an additional 18,160 shares in the last quarter. Perennial Advisors LLC raised its stake in Xylem by 4.7% in the second quarter. Perennial Advisors LLC now owns 35,085 shares of the industrial products company’s stock worth $1,945,000 after buying an additional 1,590 shares in the last quarter. Retirement Systems of Alabama raised its stake in Xylem by 0.4% in the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock worth $4,830,000 after buying an additional 381 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Xylem by 107.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 182,338 shares of the industrial products company’s stock worth $10,107,000 after buying an additional 94,266 shares in the last quarter. 86.41% of the stock is currently owned by institutional investors.

Shares of Xylem Inc. (NYSE:XYL) opened at 59.84 on Wednesday. The company has a 50-day moving average price of $56.00 and a 200-day moving average price of $51.57. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $60.71. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 38.63 and a beta of 1.18.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. Analysts forecast that Xylem Inc. will post $2.36 earnings per share for the current fiscal year.

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A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their price target on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. raised their price target on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada raised their price target on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. BidaskClub lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $58.23.

In other Xylem news, Director Steven R. Loranger sold 66,132 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the transaction, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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