Metis Global Partners LLC Raises Stock Holdings in Xylem Inc. (NYSE:XYL)

Metis Global Partners LLC increased its stake in shares of Xylem Inc. (NYSE:XYL) by 8.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,629 shares of the industrial products company’s stock after buying an additional 3,753 shares during the quarter. Metis Global Partners LLC’s holdings in Xylem were worth $6,566,000 at the end of the most recent reporting period.

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

Xylem Stock Down 0.8 %

Xylem stock opened at $123.78 on Thursday. The company has a market cap of $30.07 billion, a PE ratio of 36.19, a PEG ratio of 2.30 and a beta of 1.05. Xylem Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $146.08. The business’s 50-day simple moving average is $130.98 and its two-hundred day simple moving average is $134.85. 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) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $0.99 EPS. Xylem’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on XYL shares. TD Cowen lowered their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.