DnB Asset Management AS reduced its holdings in Xylem Inc (NYSE:XYL) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,719 shares of the industrial products company’s stock after selling 6,000 shares during the quarter. DnB Asset Management AS’s holdings in Xylem were worth $1,959,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its position in Xylem by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock valued at $12,349,000 after acquiring an additional 1,670 shares during the period. Clinton Group Inc. acquired a new stake in Xylem in the 2nd quarter valued at approximately $3,292,000. Highbridge Capital Management LLC acquired a new stake in Xylem in the 3rd quarter valued at approximately $254,000. Schroder Investment Management Group increased its position in Xylem by 17.0% in the 2nd quarter. Schroder Investment Management Group now owns 155,573 shares of the industrial products company’s stock valued at $8,541,000 after acquiring an additional 22,568 shares during the period. Finally, Patten Group Inc. increased its position in Xylem by 295.6% in the 3rd quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock valued at $2,009,000 after acquiring an additional 95,259 shares during the period. Hedge funds and other institutional investors own 85.16% of the company’s stock.
Several research firms recently commented on XYL. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Sunday. Royal Bank of Canada reiterated a “buy” rating and set a $80.00 price target on shares of Xylem in a research report on Thursday, January 4th. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price target on shares of Xylem in a research report on Monday, December 11th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Xylem presently has an average rating of “Buy” and an average target price of $66.67.
Xylem Inc (NYSE XYL) opened at $71.91 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $12,915.04, a price-to-earnings ratio of 41.81, a P/E/G ratio of 1.71 and a beta of 1.18. Xylem Inc has a 1-year low of $46.67 and a 1-year high of $75.16.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) 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 analysts’ expectations of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. analysts anticipate that Xylem Inc will post 2.39 earnings per share for the current fiscal year.
In related news, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction 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 transaction, the insider now directly owns 61,979 shares in the company, valued at approximately $4,078,837.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tomas Brannemo sold 2,260 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total value of $153,115.00. Following the completion of the sale, the insider now directly owns 10,975 shares of the company’s stock, valued at approximately $743,556.25. The disclosure for this sale can be found here. Insiders sold a total of 150,777 shares of company stock worth $10,097,757 over the last 90 days. Insiders own 0.75% of the company’s stock.
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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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