Sumitomo Mitsui Trust Group Inc. Has $75.50 Million Position in Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Xylem Inc. (NYSE:XYL) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 559,111 shares of the industrial products company’s stock after purchasing an additional 7,793 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Xylem were worth $75,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XYL. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Bangor Savings Bank boosted its holdings in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem in the second quarter valued at about $33,000. Blue Trust Inc. increased its stake in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Stifel Nicolaus increased 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Performance

Xylem stock opened at $121.63 on Friday. The firm has a market capitalization of $29.55 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.30 and a beta of 1.05. The stock has a fifty day moving average price of $130.86 and a two-hundred day moving average price of $134.76. Xylem Inc. has a 52-week low of $99.90 and a 52-week 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.

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

Xylem Company 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.