Cresset Asset Management LLC Has $480,000 Stake in Xylem Inc. (NYSE:XYL)

Cresset Asset Management LLC decreased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,135 shares of the industrial products company's stock after selling 11,193 shares during the quarter. Cresset Asset Management LLC's holdings in Xylem were worth $480,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors grew its position in shares of Xylem by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 40,240 shares of the industrial products company's stock worth $4,669,000 after buying an additional 1,122 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Xylem during the 4th quarter worth approximately $57,000. Benjamin Edwards Inc. grew its position in shares of Xylem by 35.4% during the 4th quarter. Benjamin Edwards Inc. now owns 15,546 shares of the industrial products company's stock worth $1,803,000 after buying an additional 4,064 shares during the period. BIP Wealth LLC grew its position in shares of Xylem by 6.4% during the 4th quarter. BIP Wealth LLC now owns 2,401 shares of the industrial products company's stock worth $279,000 after buying an additional 145 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Xylem during the 4th quarter worth approximately $18,123,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL opened at $125.39 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The firm's 50 day moving average price is $117.13 and its two-hundred day moving average price is $121.45. The firm has a market cap of $30.51 billion, a P/E ratio of 34.26, a PEG ratio of 2.33 and a beta of 1.10.

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

Analyst Ratings Changes

Several research analysts recently weighed in on XYL shares. Stifel Nicolaus lifted their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Citigroup reduced their price objective 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 reduced their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $146.88.

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.

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