KBC Group NV Cuts Stock Position in Xylem Inc. (NYSE:XYL)

KBC Group NV trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,467 shares of the industrial products company's stock after selling 105,363 shares during the quarter. KBC Group NV owned approximately 0.31% of Xylem worth $101,336,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XYL. Huntington National Bank lifted its stake in shares of Xylem by 2.1% during the 3rd quarter. Huntington National Bank now owns 7,125 shares of the industrial products company's stock worth $962,000 after purchasing an additional 146 shares during the last quarter. Cable Hill Partners LLC raised its holdings in Xylem by 6.1% in the third quarter. Cable Hill Partners LLC now owns 3,810 shares of the industrial products company's stock worth $514,000 after purchasing an additional 218 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Xylem during the third quarter valued at about $617,000. RPG Investment Advisory LLC boosted its holdings in shares of Xylem by 1.8% in the 3rd quarter. RPG Investment Advisory LLC now owns 107,846 shares of the industrial products company's stock valued at $14,562,000 after buying an additional 1,885 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Xylem by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company's stock worth $219,731,000 after buying an additional 137,883 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL traded down $1.56 during trading hours on Thursday, hitting $122.17. The stock had a trading volume of 468,188 shares, compared to its average volume of 1,200,328. The firm has a 50-day moving average price of $130.98 and a 200 day moving average price of $134.85. Xylem Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $146.08. The firm has a market capitalization of $29.68 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 2.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company's revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

XYL has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Finally, UBS Group began coverage on shares of Xylem in a report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $147.17.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.