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

King Luther Capital Management Corp increased its position in Xylem Inc. (NYSE:XYL) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,064,349 shares of the industrial products company’s stock after acquiring an additional 67,315 shares during the period. King Luther Capital Management Corp owned about 0.46% of Xylem worth $107,787,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XYL. Maryland State Retirement & Pension System increased its position in shares of Xylem by 18.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 14,865 shares of the industrial products company’s stock valued at $1,505,000 after purchasing an additional 2,275 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in shares of Xylem by 21.8% in the third quarter. UNIVEST FINANCIAL Corp now owns 9,588 shares of the industrial products company’s stock worth $971,000 after buying an additional 1,716 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Xylem during the third quarter valued at approximately $118,000. Renasant Bank bought a new stake in Xylem during the third quarter valued at approximately $441,000. Finally, Texas Bank & Trust Co grew its position in Xylem by 3.8% during the third quarter. Texas Bank & Trust Co now owns 2,750 shares of the industrial products company’s stock valued at $278,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other news, Director D Koch bought 11,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were bought at an average price of $89.60 per share, for a total transaction of $985,600.00. Following the purchase, the director owned 12,247 shares in the company, valued at $1,097,331.20. This represents a 882.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $95.13 on Thursday. The company has a market capitalization of $21.82 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.61 and a beta of 1.01. Xylem Inc. has a 1-year low of $87.40 and a 1-year high of $151.99. The firm’s 50 day simple moving average is $102.81 and its two-hundred day simple moving average is $115.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.02.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). The firm had revenue of $2.20 billion during 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 last year, the company earned $1.37 earnings per share. Research analysts expect that Xylem Inc. will post 5.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on XYL. The Goldman Sachs Group decreased their price target on shares of Xylem from $160.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Argus cut Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, November 4th. Zacks Research downgraded Xylem from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. BNP Paribas Exane cut 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. Finally, Weiss Ratings cut Xylem from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.31.

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.