Aurora Investment Counsel Takes $1.42 Million Position in Xylem Inc (NYSE:XYL)

Aurora Investment Counsel acquired a new position in Xylem Inc (NYSE:XYL) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,979 shares of the industrial products company’s stock, valued at approximately $1,421,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Halsey Associates Inc. CT bought a new position in shares of Xylem during the 4th quarter valued at about $626,000. Pathlight Investors LLC acquired a new position in shares of Xylem in the fourth quarter worth about $325,000. Rehmann Capital Advisory Group boosted its holdings in shares of Xylem by 7,887.0% in the third quarter. Rehmann Capital Advisory Group now owns 15,974 shares of the industrial products company’s stock worth $200,000 after buying an additional 15,774 shares during the period. Hotaling Investment Management LLC acquired a new position in shares of Xylem in the fourth quarter worth about $1,111,000. Finally, Mackay Shields LLC boosted its holdings in shares of Xylem by 9.8% in the fourth quarter. Mackay Shields LLC now owns 31,442 shares of the industrial products company’s stock worth $2,097,000 after buying an additional 2,794 shares during the period. 87.13% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on XYL. Janney Montgomery Scott upgraded shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, May 3rd. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, February 4th. Finally, Oppenheimer set a $80.00 price target on shares of Xylem and gave the stock a “buy” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.80.

XYL traded down $0.90 during midday trading on Friday, hitting $78.18. 1,161,892 shares of the company’s stock traded hands, compared to its average volume of 865,505. Xylem Inc has a one year low of $60.65 and a one year high of $84.41. The firm has a market cap of $14.23 billion, a PE ratio of 27.15, a PEG ratio of 1.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.02 and a current ratio of 1.44.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.06). Xylem had a net margin of 10.50% and a return on equity of 19.46%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Xylem Inc will post 3.24 earnings per share for the current fiscal year.

In other news, insider Kenneth Napolitano sold 5,000 shares of Xylem stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $80.45, for a total value of $402,250.00. Following the transaction, the insider now owns 46,228 shares of the company’s stock, valued at $3,719,042.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $79.20, for a total transaction of $594,000.00. Following the completion of the transaction, the director now directly owns 19,244 shares in the company, valued at approximately $1,524,124.80. The disclosure for this sale can be found here. In the last three months, insiders sold 59,513 shares of company stock worth $4,700,540. Insiders own 0.85% of the company’s stock.

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Xylem Profile

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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