Xylem Inc. (NYSE:XYL) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,111 shares of the industrial products company's stock after purchasing an additional 7,793 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Xylem worth $75,497,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 77 shares during the period. Bangor Savings Bank increased its stake in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the 2nd quarter valued at about $33,000. Blue Trust Inc. boosted its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 249 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after buying an additional 311 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Xylem Trading Up 0.1 %

NYSE:XYL traded up $0.15 during midday trading on Friday, hitting $121.78. 1,830,002 shares of the company traded hands, compared to its average volume of 1,208,680. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average is $130.76 and its 200-day moving average is $134.69. The firm has a market capitalization of $29.59 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.28 and a beta of 1.05. Xylem Inc. has a 12-month low of $99.90 and a 12-month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

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.