Eurizon Capital SGR S.p.A. Purchases 47,674 Shares of Xylem Inc. $XYL

Eurizon Capital SGR S.p.A. lifted its position in Xylem Inc. (NYSE:XYL) by 14.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 372,933 shares of the industrial products company’s stock after acquiring an additional 47,674 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Xylem were worth $37,762,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XYL. BlackRock Inc. bought a new position in Xylem during the second quarter valued at $2,959,730,000. State Street Corp raised its stake in shares of Xylem by 2.4% in the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock valued at $1,352,874,000 after acquiring an additional 270,972 shares during the period. XXEC Inc. bought a new stake in shares of Xylem in the 2nd quarter worth about $850,841,000. Royal Bank of Canada lifted its holdings in shares of Xylem by 1.1% in the 1st quarter. Royal Bank of Canada now owns 4,763,241 shares of the industrial products company’s stock worth $569,207,000 after acquiring an additional 53,210 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Xylem during the 2nd quarter worth about $552,313,000. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Xylem

In other news, Director D Koch bought 11,000 shares of the stock in a transaction on Thursday, October 29th. The stock was acquired at an average cost of $89.60 per share, for a total transaction of $985,600.00. Following the acquisition, the director owned 12,247 shares of the company’s stock, valued at $1,097,331.20. This represents a 882.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

More Xylem News

Here’s some of the latest news about XYL:

• Positive Sentiment: Xylem’s board authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company may buy shares on the open market or in private transactions, depending on market conditions. Buybacks can return capital to shareholders and may support per-share results, though the authorization does not guarantee that the full amount will be spent. Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
• Positive Sentiment: The company declared a fourth-quarter dividend of $0.43 per share, payable December 22 to shareholders of record November 24. The payout provides a cash return to shareholders; the announcement did not specify a dividend increase. Xylem Declares Fourth Quarter Dividend of 43 Cents per Share
• Positive Sentiment: A November 12 report said Xylem acquired Cornell Pump and Roper Pump, expanding its engineered-pumping portfolio for industrial and municipal markets. The additions could broaden its offerings, although the article provides no deal terms or financial contribution details. Xylem Acquires Cornell Pump and Roper Pump to Expand Portfolio

Wall Street Analyst Weigh In

Several equities analysts recently commented on XYL shares. Argus downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, November 4th. The Goldman Sachs Group decreased their price objective on shares of Xylem from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Mizuho set a $99.00 target price on Xylem in a research report on Wednesday, October 28th. UBS Group dropped their target price on Xylem from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Finally, Barclays cut Xylem from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $139.00 to $104.00 in a research note on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.31.

Xylem Stock Performance

Xylem stock opened at $94.21 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.39. The company has a market capitalization of $21.61 billion, a PE ratio of 20.84, a P/E/G ratio of 1.57 and a beta of 1.01. The company has a 50 day moving average price of $102.28 and a 200-day moving average price of $115.33. Xylem Inc. has a fifty-two week low of $87.40 and a fifty-two week high of $146.76.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.01). The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. As a group, equities analysts forecast that Xylem Inc. will post 5.45 earnings per share for the current year.

About Xylem

Xylem Inc. is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure. The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.