Insight 2811 buys $2.4 Million stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Insight 2811 scooped up 11,709 additional shares in Xylem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 54,909 shares of Xylem Inc which is valued at $2.4 Million.Xylem Inc makes up approximately 0.91% of Insight 2811’s portfolio.

Other Hedge Funds, Including , Bluestein R H Co boosted its stake in XYL in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 11,000 shares of Xylem Inc which is valued at $474,650. Xylem Inc makes up approx 0.03% of Bluestein R H Co’s portfolio.Parnassus Investments Ca boosted its stake in XYL in the latest quarter, The investment management firm added 143,408 additional shares and now holds a total of 11,309,169 shares of Xylem Inc which is valued at $488 Million. Xylem Inc makes up approx 3.21% of Parnassus Investments Ca’s portfolio.Fourpoints Investment Managers S.a.s. reduced its stake in XYL by selling 66,100 shares or 41.49% in the most recent quarter. The Hedge Fund company now holds 93,200 shares of XYL which is valued at $3.9 Million. Xylem Inc makes up approx 2.43% of Fourpoints Investment Managers S.a.s.’s portfolio.Commonwealth Equity Services Inc reduced its stake in XYL by selling 33,876 shares or 37.54% in the most recent quarter. The Hedge Fund company now holds 56,374 shares of XYL which is valued at $2.4 Million. Xylem Inc makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.

Xylem Inc opened for trading at $43.35 and hit $43.77 on the upside on Friday, eventually ending the session at $43.51, with a gain of 1.02% or 0.44 points. The heightened volatility saw the trading volume jump to 16,95,327 shares. Company has a market cap of $7,784 M.

On the company’s financial health, Xylem Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.34. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $832.92 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Investors should note that on May 12, 2016, Xylem Inc announced a cash dividend of $0.1549. The company’s management has announced May 23, 2016 as the ex-dividend date and fixed the record date on May 25, 2016. The payable date has been fixed on Jun 22, 2016.

Many Wall Street Analysts have commented on Xylem Inc. Company shares were Reiterated by Wedbush on May 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .Wedbush Downgraded Xylem Inc on Apr 11, 2016 to ” Neutral”, Price Target of the shares are set at $41.Xylem Inc was Upgraded by Sterne Agee CRT to ” Buy” on Apr 5, 2016.

Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water from collection distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).

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