Xylem Inc. (NYSE:XYL) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in Xylem Inc. (NYSE:XYL - Free Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,543 shares of the industrial products company's stock after selling 7,046 shares during the quarter. EP Wealth Advisors LLC owned about 0.06% of Xylem worth $17,814,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XYL. Vanguard Group Inc. increased its stake in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the period. Invesco Ltd. lifted its position in Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock valued at $465,229,000 after buying an additional 359,276 shares during the last quarter. Finally, Swedbank AB boosted its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Up 0.6 %

XYL opened at $121.14 on Thursday. The business has a fifty day moving average price of $117.53 and a 200 day moving average price of $121.67. 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 12 month low of $100.47 and a 12 month high of $146.08. The stock has a market capitalization of $29.48 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.33 and a beta of 1.10.

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

Wall Street Analyst Weigh In

XYL has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target 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. Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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, Stifel Nicolaus boosted their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Company 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.

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