Ethic Inc. Reduces Holdings in Xylem Inc. (NYSE:XYL)

Ethic Inc. decreased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 15.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,399 shares of the industrial products company's stock after selling 8,610 shares during the quarter. Ethic Inc.'s holdings in Xylem were worth $5,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XYL. Nordea Investment Management AB boosted its position in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after purchasing an additional 5,286 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Xylem in the 4th quarter worth $219,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Xylem by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company's stock worth $5,648,000 after purchasing an additional 331 shares in the last quarter. Czech National Bank boosted its position in shares of Xylem by 6.5% in the 4th quarter. Czech National Bank now owns 52,676 shares of the industrial products company's stock worth $6,111,000 after purchasing an additional 3,197 shares in the last quarter. Finally, TT International Asset Management LTD boosted its position in shares of Xylem by 70.5% in the 4th quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 10,608 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XYL shares. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 note on Wednesday, April 30th. Stifel Nicolaus lifted their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird cut their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $146.88.

Xylem Stock Up 3.6%

NYSE:XYL traded up $4.41 during trading hours on Monday, hitting $127.26. The company's stock had a trading volume of 1,531,619 shares, compared to its average volume of 1,423,118. The stock has a market capitalization of $30.97 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The stock has a fifty day moving average of $117.27 and a 200-day moving average of $121.39. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

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

Xylem Profile

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.