Black Swift Group LLC Purchases Shares of 15,000 Xylem Inc. (NYSE:XYL)

Black Swift Group LLC bought a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the industrial products company’s stock, valued at approximately $2,025,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in shares of Xylem by 32.5% during the 1st quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock valued at $495,000 after acquiring an additional 940 shares during the last quarter. Bleakley Financial Group LLC raised its holdings 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 period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings 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 period. HBK Sorce Advisory LLC lifted its stake in Xylem by 2.8% during the first quarter. HBK Sorce Advisory LLC now owns 4,836 shares of the industrial products company’s stock valued at $625,000 after buying an additional 130 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Xylem in the first quarter worth about $23,263,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank of Canada dropped 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. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Cowen reduced their price objective 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. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Down 0.8 %

Shares of XYL stock opened at $123.73 on Thursday. Xylem Inc. has a one year low of $99.90 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a fifty day moving average price of $130.98 and a 200 day moving average price of $134.85. The stock has a market cap of $30.06 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05.

Xylem (NYSE:XYL) last announced its quarterly earnings data 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. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was up .2% on a year-over-year basis. Analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

About Xylem

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.