67,315 Xylem Inc. $XYL Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp increased its holdings in Xylem Inc. (NYSE:XYL) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 1,064,349 shares of the industrial products company’s stock after acquiring an additional 67,315 shares during the quarter. King Luther Capital Management Corp’s holdings in Xylem were worth $107,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its position in shares of Xylem by 18.1% during the third quarter. Maryland State Retirement & Pension System now owns 14,865 shares of the industrial products company’s stock worth $1,505,000 after acquiring an additional 2,275 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in Xylem by 21.8% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 9,588 shares of the industrial products company’s stock valued at $971,000 after acquiring an additional 1,716 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Xylem in the 3rd quarter valued at $118,000. Renasant Bank bought a new stake in Xylem in the 3rd quarter valued at $441,000. Finally, Texas Bank & Trust Co lifted its stake in Xylem by 3.8% in the 3rd quarter. Texas Bank & Trust Co now owns 2,750 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 100 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director D Koch acquired 11,000 shares of the stock in a transaction dated Thursday, October 29th. The stock was acquired at an average cost of $89.60 per share, with a total value of $985,600.00. Following the purchase, the director directly owned 12,247 shares of the company’s stock, valued at approximately $1,097,331.20. This trade represents a 882.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Zacks Research downgraded shares of Xylem from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. lowered Xylem from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $118.00 to $90.00 in a research report on Wednesday, October 28th. Robert W. Baird set a $123.00 target price on Xylem in a report on Wednesday, October 28th. Weiss Ratings downgraded Xylem from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group dropped their price target on Xylem from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.31.

Xylem Stock Performance

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

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.01). Xylem had a return on equity of 12.06% and a net margin of 11.94%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The company’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 5.45 EPS for the current fiscal year.

Xylem Profile

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.