United Fire Group Inc. continued to hold its position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,500 shares of the industrial products company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Xylem were worth $139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of Xylem by 0.5% in the second quarter. Arizona State Retirement System now owns 44,600 shares of the industrial products company’s stock valued at $2,472,000 after buying an additional 200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Xylem by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 785,143 shares of the industrial products company’s stock valued at $43,521,000 after buying an additional 34,064 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Xylem by 19.7% in the second quarter. Global X Management Co. LLC now owns 6,041 shares of the industrial products company’s stock valued at $335,000 after buying an additional 993 shares during the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Xylem by 119.0% in the second quarter. Pioneer Investment Management Inc. now owns 237,072 shares of the industrial products company’s stock valued at $13,141,000 after buying an additional 128,812 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares during the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.

Shares of Xylem Inc. (NYSE XYL) opened at 58.98 on Friday. The firm has a 50-day moving average price of $56.66 and a 200 day moving average price of $51.89. Xylem Inc. has a one year low of $45.60 and a one year high of $60.71. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 38.08 and a beta of 1.18.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. Equities analysts forecast that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on XYL. Cowen and Company restated an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research note on Wednesday. BMO Capital Markets raised their price objective on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. raised their price objective on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub cut Xylem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.00.

In other Xylem news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is 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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