Xylem Inc. (NYSE:XYL) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its holdings in Xylem Inc. (NYSE:XYL) by 15.5%, now owning 19,453 shares valued at approximately $2.32 million.
• The consensus rating for Xylem's stock is currently a "Moderate Buy" with an average price target of $151.57.
• Xylem reported a quarterly earnings per share of $1.26, exceeding estimates by $0.11, alongside a revenue of $2.30 billion for the quarter.

Mizuho Securities USA LLC reduced its position in Xylem Inc. (NYSE:XYL - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,453 shares of the industrial products company's stock after selling 3,573 shares during the period. Mizuho Securities USA LLC's holdings in Xylem were worth $2,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XYL. Raymond James Financial Inc. purchased a new position in Xylem in the 4th quarter valued at approximately $40,444,000. Sterling Capital Management LLC increased its stake in Xylem by 56.4% in the 4th quarter. Sterling Capital Management LLC now owns 14,409 shares of the industrial products company's stock valued at $1,672,000 after purchasing an additional 5,195 shares in the last quarter. Townsquare Capital LLC increased its stake in Xylem by 0.8% in the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after purchasing an additional 88 shares in the last quarter. SageView Advisory Group LLC increased its position in Xylem by 3.6% during the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock worth $324,000 after buying an additional 98 shares in the last quarter. Finally, Mariner LLC increased its position in Xylem by 2.1% during the fourth quarter. Mariner LLC now owns 318,773 shares of the industrial products company's stock worth $36,986,000 after buying an additional 6,697 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup reissued a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Royal Bank Of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, UBS Group raised their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $151.57.

Xylem Trading Down 1.2%

Shares of XYL stock traded down $1.66 during mid-day trading on Thursday, hitting $141.87. 779,094 shares of the company's stock were exchanged, compared to its average volume of 1,483,138. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The stock has a 50-day simple moving average of $132.23 and a two-hundred day simple moving average of $125.57. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.49 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. Equities analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal 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.