Malaga Cove Capital LLC Has $469,000 Position in Xylem Inc. (NYSE:XYL)

Malaga Cove Capital LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 56.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,046 shares of the industrial products company’s stock after acquiring an additional 1,462 shares during the period. Malaga Cove Capital LLC’s holdings in Xylem were worth $469,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after acquiring an additional 135,492 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Invesco Ltd. boosted its stake in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after acquiring an additional 359,276 shares during the last quarter. Finally, Swedbank AB grew its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XYL shares. Royal Bank of Canada increased their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Robert W. Baird lowered their price objective on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.88.

Xylem Price Performance

Shares of NYSE XYL opened at $126.89 on Wednesday. The company has a fifty day moving average price of $117.23 and a 200 day moving average price of $121.43. The firm has a market cap of $30.88 billion, a PE ratio of 34.67, a PEG ratio of 2.33 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal 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.