BROOKFIELD Corp ON lowered its position in Xylem Inc. (NYSE:XYL - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,945 shares of the industrial products company's stock after selling 3,924 shares during the quarter. BROOKFIELD Corp ON's holdings in Xylem were worth $1,502,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem in the fourth quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the fourth quarter valued at $36,000. SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.
Xylem Stock Down 0.4 %
Xylem stock traded down $0.54 during midday trading on Friday, hitting $122.77. 664,817 shares of the company were exchanged, compared to its average volume of 1,419,807. 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 fifty-two week low of $100.47 and a fifty-two week high of $146.08. The company's fifty day moving average price is $117.32 and its 200-day moving average price is $121.55. The company has a market cap of $29.88 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.
Xylem (NYSE:XYL - Get Free Report) last announced its 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 last year, the firm earned $0.90 earnings per share. The company's revenue was up 1.8% on a year-over-year basis. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
XYL has been the topic of several analyst reports. Citigroup decreased their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.88.
Check Out Our Latest Research Report on Xylem
Xylem Profile
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Free Report)
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.
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