FORA Capital LLC Increases Stock Holdings in Xylem Inc. (NYSE:XYL)

FORA Capital LLC raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,901 shares of the industrial products company's stock after buying an additional 13,650 shares during the quarter. FORA Capital LLC's holdings in Xylem were worth $3,469,000 at the end of the most recent reporting period.

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Other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc grew its position in Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Norges Bank purchased a new stake in shares of Xylem during the fourth quarter valued at $302,734,000. Northern Trust Corp grew its holdings in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after buying an additional 966,399 shares during the last quarter. AMF Tjanstepension AB acquired a new position in shares of Xylem in the 4th quarter valued at $96,658,000. Finally, Victory Capital Management Inc. raised its stake in Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after acquiring an additional 698,745 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

Shares of Xylem stock opened at $121.14 on Thursday. The business has a 50 day simple moving average of $117.53 and a two-hundred day simple moving average of $121.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $29.48 billion, a P/E ratio of 33.10, a PEG ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Citigroup cut their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada lifted their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird dropped their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.88.

Check Out Our Latest Stock Analysis on XYL

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.

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