Cable Hill Partners LLC Increases Position in Xylem Inc. (NYSE:XYL)

Cable Hill Partners LLC increased its position in Xylem Inc. (NYSE:XYL) by 6.1% in the third quarter, HoldingsChannel.com reports. The fund owned 3,810 shares of the industrial products company’s stock after buying an additional 218 shares during the period. Cable Hill Partners LLC’s holdings in Xylem were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Xylem by 32.5% in the first quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 940 shares during the last quarter. Bleakley Financial Group LLC raised its position in Xylem by 2.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after buying an additional 90 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Xylem by 21.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,739 shares of the industrial products company’s stock worth $36,800,000 after buying an additional 49,871 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Xylem by 2.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 4,836 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 130 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Xylem in the 1st quarter valued at $23,263,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XYL shares. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird cut 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. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Down 0.8 %

Shares of XYL opened at $123.78 on Thursday. The firm has a market cap of $30.07 billion, a P/E ratio of 36.19, a PEG ratio of 2.30 and a beta of 1.05. Xylem Inc. has a 12 month low of $99.90 and a 12 month high of $146.08. The stock’s 50 day moving average is $130.98 and its two-hundred day moving average is $134.85. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem 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.