Private Asset Management Inc. cut its holdings in Xylem Inc (NYSE:XYL) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,645 shares of the industrial products company’s stock after selling 2,631 shares during the quarter. Private Asset Management Inc.’s holdings in Xylem were worth $4,409,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new stake in shares of Xylem in the third quarter valued at about $104,000. Harfst & Associates Inc. raised its holdings in shares of Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 503 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Xylem in the second quarter valued at about $168,000. FNY Partners Fund LP raised its holdings in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 181 shares in the last quarter. 85.04% of the stock is owned by institutional investors.
Shares of Xylem Inc (XYL) traded up $0.49 during mid-day trading on Friday, hitting $70.46. The stock had a trading volume of 846,228 shares, compared to its average volume of 763,803. Xylem Inc has a 1-year low of $46.67 and a 1-year high of $70.79. The stock has a market capitalization of $12,650.00, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. equities analysts expect that Xylem Inc will post 2.39 earnings per share for the current year.
In other Xylem news, Director Steven R. Loranger sold 47,712 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $68.10, for a total value of $3,249,187.20. Following the sale, the director now owns 68,843 shares in the company, valued at approximately $4,688,208.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the completion of the sale, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,777 shares of company stock worth $10,097,757. 0.75% of the stock is owned by insiders.
Several analysts recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $80.00 price objective on shares of Xylem in a report on Thursday, January 4th. Boenning Scattergood restated a “buy” rating on shares of Xylem in a report on Friday, December 15th. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of Xylem in a report on Monday, December 11th. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Xylem has an average rating of “Buy” and a consensus price target of $65.92.
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.
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