DekaBank Deutsche Girozentrale boosted its position in shares of Xylem Inc. (NYSE:XYL) by 94.1% during the second quarter, Holdings Channel reports. The institutional investor owned 201,523 shares of the industrial products company’s stock after buying an additional 97,680 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xylem were worth $11,113,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XYL. Asset Planning Services Ltd. raised its stake in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares in the last quarter. Cribstone Capital Management LLC raised its stake in Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares in the last quarter. CENTRAL TRUST Co raised its stake in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Xylem during the first quarter worth approximately $151,000. Finally, Farmers & Merchants Investments Inc. raised its stake in Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares in the last quarter. 86.41% of the stock is currently owned by institutional investors.

Xylem Inc. (NYSE:XYL) opened at 59.12 on Friday. The firm has a market cap of $10.62 billion, a P/E ratio of 38.17 and a beta of 1.18. The firm’s 50-day moving average is $56.81 and its 200 day moving average is $51.96. Xylem Inc. has a 12-month low of $45.60 and a 12-month high of $60.71.

Xylem (NYSE:XYL) last posted 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 firm had revenue of $1.16 billion during 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%. Xylem’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Equities analysts forecast that Xylem Inc. will post $2.37 earnings per share for the current year.

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A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada upped their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Cowen and Company reiterated an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a research report on Wednesday. Oppenheimer Holdings, Inc. boosted their target price on shares of Xylem from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity reiterated a “hold” rating and set a $50.00 target price on shares of Xylem in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Xylem has an average 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 business’s stock in a transaction dated 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 completion of the transaction, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the transaction, the insider now directly owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by 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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