M&G PLC Buys 5,378 Shares of Xylem Inc. $XYL

M&G PLC increased its position in shares of Xylem Inc. (NYSE:XYL) by 60.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,243 shares of the industrial products company’s stock after acquiring an additional 5,378 shares during the quarter. M&G PLC’s holdings in Xylem were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Xylem by 2.4% in the 2nd quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock valued at $1,352,874,000 after buying an additional 270,972 shares during the period. Perpetual Ltd raised its position in shares of Xylem by 10.2% during the 3rd quarter. Perpetual Ltd now owns 129,946 shares of the industrial products company’s stock valued at $13,160,000 after buying an additional 11,993 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Xylem by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 274,578 shares of the industrial products company’s stock valued at $27,807,000 after buying an additional 9,650 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Xylem by 1,922.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 46,034 shares of the industrial products company’s stock valued at $5,400,000 after buying an additional 43,758 shares during the period. Finally, XXEC Inc. acquired a new position in Xylem in the second quarter valued at approximately $850,841,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Xylem

In other news, Director D Koch bought 11,000 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were bought at an average price of $89.60 per share, with a total value of $985,600.00. Following the completion of the transaction, the director directly owned 12,247 shares in the company, valued at $1,097,331.20. This trade represents a 882.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Weiss Ratings lowered Xylem from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Mizuho set a $99.00 target price on Xylem in a research report on Wednesday, October 28th. UBS Group decreased their price target on Xylem from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Zacks Research lowered Xylem from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Finally, BNP Paribas Exane lowered their price target on Xylem from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.31.

Xylem Price Performance

Xylem stock opened at $95.13 on Thursday. The company’s 50 day simple moving average is $102.81 and its 200-day simple moving average is $115.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.39. Xylem Inc. has a 1 year low of $87.40 and a 1 year high of $151.99. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. As a group, equities research analysts expect 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.