AMF Pensionsforsakring AB Continues to Hold Stake in Xylem Inc. (XYL)

AMF Pensionsforsakring AB continued to hold its stake in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 724,234 shares of the industrial products company’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned approximately 0.40% of Xylem worth $36,371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Peoples Financial Services CORP. raised its stake in Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock valued at $324,000 after buying an additional 200 shares during the period. Bank of America Corp DE raised its stake in Xylem by 4.2% in the first quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock valued at $113,079,000 after buying an additional 91,478 shares during the period. Toronto Dominion Bank raised its position in shares of Xylem by 56.6% in the first quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock valued at $2,433,000 after buying an additional 17,497 shares during the last quarter. Asset Planning Services Ltd. raised its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares during the last quarter. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Inc. (NYSE:XYL) opened at 59.12 on Friday. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $60.71. The company’s 50-day moving average is $56.81 and its 200-day moving average is $51.96. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 38.17 and a beta of 1.18.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, analysts expect that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

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Several brokerages have recently weighed in on XYL. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their price objective on shares of Xylem from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada increased their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.00.

In other news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now directly owns 65,030 shares in the company, valued at $3,577,300.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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