Xylem Inc (XYL) : Pictet Asset Management Ltd reduced its stake in Xylem Inc by 3.45% during the most recent quarter end. The investment management company now holds a total of 3,661,072 shares of Xylem Inc which is valued at $194,915,473 after selling 131,008 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Xylem Inc makes up approximately 0.75% of Pictet Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky boosted its stake in XYL in the latest quarter, The investment management firm added 21,522 additional shares and now holds a total of 45,722 shares of Xylem Inc which is valued at $2,434,239. Xylem Inc makes up approx 0.03% of Teachers Retirement System Of The State Of Kentucky’s portfolio.First Midwest Bank Trust Division boosted its stake in XYL in the latest quarter, The investment management firm added 1,690 additional shares and now holds a total of 32,346 shares of Xylem Inc which is valued at $1,570,722. Xylem Inc makes up approx 0.20% of First Midwest Bank Trust Division’s portfolio.Ifp Advisors Inc boosted its stake in XYL in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 2,563 shares of Xylem Inc which is valued at $121,486. Xylem Inc makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Nordea Investment Management Ab reduced its stake in XYL by selling 11,200 shares or 53.85% in the most recent quarter. The Hedge Fund company now holds 9,599 shares of XYL which is valued at $450,769.Suffolk Capital Management reduced its stake in XYL by selling 79,608 shares or 28.88% in the most recent quarter. The Hedge Fund company now holds 196,026 shares of XYL which is valued at $9,250,467. Xylem Inc makes up approx 1.31% of Suffolk Capital Management’s portfolio.
Xylem Inc closed down -0.72 points or -1.33% at $53.29 with 15,17,031 shares getting traded on Monday. Post opening the session at $53.89, the shares hit an intraday low of $53.09 and an intraday high of $53.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Xylem Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.53. The company had revenue of $897.00 million for the quarter, compared to analysts expectations of $913.53 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Xylem Inc. Xylem Inc was Initiated by Northcoast to “Buy” on Nov 17, 2016. Company shares were Reiterated by Stifel on Nov 2, 2016 to “Hold”, Firm has raised the Price Target to $ 48 from a previous price target of $47 .
Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company 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. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).