Kornitzer Capital Management Inc. KS Holds Position in Xylem Inc. (XYL)

The stock of Xylem Inc (NYSE:XYL) hit a new 52-week high and has $65.29 target or 4.00% above today's $62.78 share price. (NYSE:XYL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. Impax Asset Management LTD now owns 2,404,602 shares of the industrial products company's stock worth $120,758,000 after purchasing an additional 472,504 shares during the period.

Several other large investors also recently made changes to their positions in XYL. Tarbox Group Inc Inc reported 580 shares or 0% of all its holdings. The firm owned 515,354 shares of the industrial products company's stock after purchasing an additional 85,765 shares during the quarter.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. IndexIQ Advisors LLC now owns 17,238 shares of the industrial products company's stock valued at $955,000 after purchasing an additional 8,332 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Colfax Corporation in the second quarter valued at about $319,000. Virginia Retirement Systems ET AL now owns 12,000 shares of the company's stock valued at $629,000 after buying an additional 6,100 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Xylem by 3.5% during the first quarter. Following the transaction, the senior vice president now directly owns 44,033 shares of the company's stock, valued at approximately $2,081,439.91. Finally, Impax Asset Management LTD raised its position in shares of Xylem by 24.5% during the first quarter. The investment company owned 112,110 stocks of the industrial products firms shares following acquiring an extra 1,280 shares through out the period. The Massachusetts-based State Street has invested 0.03% in Xylem Inc (NYSE:XYL). Germany-based Allianz Asset Ag has invested 0.12% in Xylem Inc (NYSE:XYL). The firm's 50-day moving average is $50.06 and its 200-day moving average is $49.94.

Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $63.15. The company has market cap of $1.24 billion. The industrial products business posted $0.59 Earnings per share for the period, exceeding Thomson Reuters' average forecast of $0.57 by $0.02. The business had revenue of $965.83 million during the quarter, compared to analysts' expectations of $940.31 million. The value of the company's investment in Ampco-Pittsburgh Corporation increased from $886,000 to $956,000 increasing 7.9% since the last quarter. Analysts predict that Colfax Corporation will post $1.73 earnings per share for the current fiscal year. Additionally Xylem Inc. New recently declared a dividend for shareholders to be paid on Wednesday the 20th of September 2017. Stockholders of record on Thursday, August 31st will be given a $0.18 dividend. The company was maintained on Tuesday, August 1 by RBC Capital Markets. Its down 0.27, from 1.28 in 2016Q3. Xylem's dividend payout ratio is now 46.45%. 152.74 million shares or 1.30% more from 150.78 million shares in 2016Q3 were reported. RBC Capital Markets restated an "outperform" rating and issued a $58.00 price objective on shares of Xylem in a research report on Wednesday, December 28th. The rating was downgraded by Stifel Nicolaus to "Hold" on Monday, March 21. Canaccord Genuity reissued a "hold" rating and set a $50.00 price target on shares of Xylem in a report on Friday, July 28th. Finally, CIBC restated a hold rating on shares of Colfax Corporation in a research note on Wednesday, May 24th. Oppenheimer Holdings Inc. restated a hold rating on shares of Colfax Corporation in a research note on Sunday, May 7th.

Among 18 analysts covering Xylem (NYSE:XYL), 12 have Buy rating, 0 Sell and 6 Hold. If the $65.29 price target is reached, the company will be worth $457.20M more.

COPYRIGHT VIOLATION NOTICE: This report was first published by Week Herald and is the property of of Week Herald. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark legislation. Xylem Inc (NYSE:XYL) has risen 20.76% since September 9, 2016 and is uptrending. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. The Sr VP now owns $2,123,828 of the stock per the Form 4 SEC filing. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

In other news, Director Steven R. Loranger sold 66,132 shares of the business's stock in a transaction on Thursday, June 29th.

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