Xylem Inc (XYL) : Sarasin Partners Llp has sold out all of its stake in Xylem Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 12,201 shares of Xylem Inc which is valued at $603,583.
Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in XYL in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 53,251 shares of Xylem Inc which is valued at $2,644,445. Xylem Inc makes up approx 0.04% of Gulf International Bank (uk) Ltd’s portfolio.Gofen Glossberg Il reduced its stake in XYL by selling 4 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 7,949 shares of XYL which is valued at $400,471. Xylem Inc makes up approx 0.02% of Gofen Glossberg Il’s portfolio. Contravisory Investment Management added XYL to its portfolio by purchasing 294 company shares during the most recent quarter which is valued at $14,812.
Xylem Inc closed down -0.19 points or -0.38% at $49.47 with 9,31,860 shares getting traded on Friday. Post opening the session at $49.99, the shares hit an intraday low of $49.46 and an intraday high of $50.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Investors should note that on Oct 13, 2016, Xylem Inc announced a cash dividend of $0.1549. The company’s management has announced Nov 7, 2016 as the ex-dividend date and fixed the record date on Nov 9, 2016. The payable date has been fixed on Dec 7, 2016.
Many Wall Street Analysts have commented on Xylem Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 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).