Minneapolis Portfolio Management Group Lowers stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Minneapolis Portfolio Management Group reduced its stake in Xylem Inc by 5.39% during the most recent quarter end. The investment management company now holds a total of 487,122 shares of Xylem Inc which is valued at $22,519,650 after selling 27,760 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Xylem Inc makes up approximately 3.87% of Minneapolis Portfolio Management Group’s portfolio.

Other Hedge Funds, Including , Seabridge Investment Advisors reduced its stake in XYL by selling 117,175 shares or 58.75% in the most recent quarter. The Hedge Fund company now holds 82,264 shares of XYL which is valued at $3,863,117. Xylem Inc makes up approx 0.89% of Seabridge Investment Advisors’s portfolio.

Xylem Inc opened for trading at $46.26 and hit $47.3 on the upside on Thursday, eventually ending the session at $46.92, with a gain of 1.49% or 0.69 points. The heightened volatility saw the trading volume jump to 8,91,322 shares. Company has a market cap of $8,394 M.

On the company’s financial health, Xylem Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.47. The company had revenue of $932.00 million for the quarter, compared to analysts expectations of $928.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Xylem Inc. Company shares were Reiterated by Wedbush on May 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .

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).

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