Rhumbline Advisers increased its position in Xylem Inc. (NYSE:XYL) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363,765 shares of the industrial products company’s stock after buying an additional 16,459 shares during the period. Rhumbline Advisers’ holdings in Xylem were worth $20,163,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased 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 during the period. National Asset Management Inc. increased its stake in Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after buying an additional 48 shares during the period. CIBC Asset Management Inc increased its stake in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after buying an additional 58 shares during the period. Page Arthur B increased its stake in Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after buying an additional 70 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Xylem by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 15,560 shares of the industrial products company’s stock worth $862,000 after buying an additional 87 shares during the period. Institutional investors own 87.16% of the company’s stock.

Xylem Inc. (XYL) opened at 59.93 on Thursday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 38.69 and a beta of 1.18. The stock has a 50 day moving average of $57.27 and a 200 day moving average of $52.19. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $60.71.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. On average, equities research analysts forecast that Xylem Inc. will post $2.37 EPS for the current year.

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A number of analysts recently commented on the stock. Cowen and Company reiterated an “outperform” rating and issued a $70.00 target price (up from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a report on Monday, May 22nd. Royal Bank Of Canada boosted their target price on shares of Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 target price on shares of Xylem in a report on Thursday, July 6th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $55.00 target price on shares of Xylem in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.00.

In other news, insider Kenneth Napolitano sold 9,052 shares of the firm’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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the firm’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 transaction, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Xylem Company Profile

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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