APG Asset Management N.V. Grows Stake in Xylem Inc (NYSE:XYL)

APG Asset Management N.V. boosted its position in Xylem Inc (NYSE:XYL) by 119.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 460,190 shares of the industrial products company’s stock after acquiring an additional 250,376 shares during the quarter. APG Asset Management N.V. owned 0.26% of Xylem worth $26,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parnassus Investments CA lifted its holdings in shares of Xylem by 1.3% during the fourth quarter. Parnassus Investments CA now owns 6,247,381 shares of the industrial products company’s stock valued at $416,825,000 after purchasing an additional 78,444 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of Xylem by 18.3% during the fourth quarter. Impax Asset Management Group plc now owns 4,299,123 shares of the industrial products company’s stock valued at $286,837,000 after acquiring an additional 666,437 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Xylem by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 2,270,489 shares of the industrial products company’s stock valued at $151,217,000 after acquiring an additional 134,307 shares in the last quarter. Northern Trust Corp increased its position in shares of Xylem by 2.1% during the fourth quarter. Northern Trust Corp now owns 2,225,095 shares of the industrial products company’s stock valued at $148,458,000 after acquiring an additional 46,795 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Xylem by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 2,083,342 shares of the industrial products company’s stock valued at $166,396,000 after acquiring an additional 77,010 shares in the last quarter. 87.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of XYL stock opened at $81.87 on Tuesday. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.39 and a beta of 1.14. Xylem Inc has a 52 week low of $60.65 and a 52 week high of $82.64. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.51.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. Xylem had a net margin of 10.54% and a return on equity of 19.89%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities analysts expect that Xylem Inc will post 3.32 earnings per share for the current fiscal year.

XYL has been the subject of several analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research report on Friday, March 22nd. Zacks Investment Research downgraded shares of Xylem from a “hold” rating to a “sell” rating in a research report on Sunday, January 6th. Janney Montgomery Scott cut shares of Xylem from a “buy” rating to a “neutral” rating in a research note on Friday, March 29th. Stifel Nicolaus upgraded shares of Xylem from a “hold” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Wednesday, December 19th. Finally, ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $78.36.

In related news, insider Kenneth Napolitano sold 35,526 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $70.17, for a total transaction of $2,492,859.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Colin R. Sabol sold 15,930 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $80.45, for a total transaction of $1,281,568.50. Following the transaction, the insider now owns 54,543 shares in the company, valued at $4,387,984.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,195 shares of company stock worth $6,000,933. Insiders own 0.81% of the company’s stock.

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About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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