Fayerweather Charles Has $732,000 Stock Holdings in Xylem Inc (NYSE:XYL)

Fayerweather Charles lessened its holdings in Xylem Inc (NYSE:XYL) by 2.2% during the second quarter, HoldingsChannel reports. The firm owned 8,759 shares of the industrial products company’s stock after selling 197 shares during the quarter. Xylem accounts for 1.1% of Fayerweather Charles’ holdings, making the stock its 29th largest position. Fayerweather Charles’ holdings in Xylem were worth $732,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Gofen & Glossberg LLC IL bought a new position in shares of Xylem in the 1st quarter valued at $208,000. Gulf International Bank UK Ltd lifted its stake in shares of Xylem by 1.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 44,560 shares of the industrial products company’s stock valued at $3,522,000 after acquiring an additional 830 shares during the last quarter. Peoples Financial Services CORP. lifted its stake in shares of Xylem by 2.9% in the 1st quarter. Peoples Financial Services CORP. now owns 8,938 shares of the industrial products company’s stock valued at $706,000 after acquiring an additional 250 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Xylem by 3.6% in the 1st quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock valued at $1,184,554,000 after acquiring an additional 516,715 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Xylem by 48.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,438 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 800 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:XYL traded down $1.28 during trading hours on Friday, hitting $77.53. 966,069 shares of the company were exchanged, compared to its average volume of 774,681. The company has a market cap of $14.18 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.19. The company has a quick ratio of 1.02, a current ratio of 1.47 and a debt-to-equity ratio of 0.71. Xylem Inc has a one year low of $60.65 and a one year high of $85.39. The business’s fifty day moving average is $81.72.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. Xylem’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, research analysts anticipate that Xylem Inc will post 3.18 EPS for the current year.

In other Xylem news, insider Kenneth Napolitano sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $75.13, for a total transaction of $375,650.00. Following the completion of the sale, the insider now directly owns 46,228 shares in the company, valued at approximately $3,473,109.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $79.20, for a total value of $594,000.00. Following the sale, the director now owns 19,244 shares of the company’s stock, valued at $1,524,124.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,818 shares of company stock valued at $3,747,594. 0.85% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on XYL. Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group lowered Xylem from an “outperform” rating to a “neutral” rating in a research report on Friday. Janney Montgomery Scott raised Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Friday, May 3rd. Finally, Stifel Nicolaus lowered their target price on Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.69.

Xylem Company Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

Recommended Story: What can cause a stock to outperform?

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.