BNP Paribas Financial Markets Sells 18,426 Shares of Xylem Inc. (NYSE:XYL)

BNP Paribas Financial Markets reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 529,009 shares of the industrial products company's stock after selling 18,426 shares during the quarter. BNP Paribas Financial Markets owned 0.22% of Xylem worth $61,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its holdings in Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after buying an additional 5,286 shares in the last quarter. Swedbank AB lifted its position in shares of Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares during the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of Xylem during the 4th quarter valued at $5,094,000. Smartleaf Asset Management LLC lifted its position in shares of Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after buying an additional 139 shares during the last quarter. Finally, Covea Finance grew its holdings in Xylem by 38.6% during the 4th quarter. Covea Finance now owns 106,286 shares of the industrial products company's stock valued at $12,331,000 after buying an additional 29,600 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on XYL shares. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $146.88.

Xylem Stock Performance

Shares of XYL traded up $3.40 during midday trading on Monday, reaching $126.25. 243,935 shares of the stock were exchanged, compared to its average volume of 1,418,188. The business's 50-day moving average price is $117.32 and its 200 day moving average price is $121.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The company has a market capitalization of $30.72 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $0.90 EPS. Xylem's revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.