Simmons Bank Purchases 254 Shares of Xylem Inc. (NYSE:XYL)

Simmons Bank boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,345 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. Simmons Bank’s holdings in Xylem were worth $1,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new position in shares of Xylem during the fourth quarter valued at approximately $27,000. NBC Securities Inc. bought a new stake in shares of Xylem during the 3rd quarter valued at about $38,000. Spire Wealth Management increased its position in shares of Xylem by 370.9% during the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares during the period. Orion Capital Management LLC bought a new position in Xylem in the third quarter worth about $48,000. Finally, Gradient Investments LLC lifted its holdings in Xylem by 28.6% in the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after buying an additional 128 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XYL. Royal Bank of Canada raised their target price on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday. BNP Paribas initiated coverage on shares of Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Citigroup lifted their target price on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Mizuho raised their price objective on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $140.70.

Xylem Stock Performance

XYL stock traded up $0.83 during trading on Tuesday, reaching $140.03. The stock had a trading volume of 1,273,273 shares, compared to its average volume of 1,186,048. The stock’s 50 day moving average is $128.91 and its two-hundred day moving average is $115.87. The firm has a market cap of $33.95 billion, a PE ratio of 49.54, a PEG ratio of 2.67 and a beta of 1.08. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $141.25. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 40.4% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current year.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

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.