Xylem Inc (XYL) : Cardan Capital Partners added new position in Xylem Inc during the most recent quarter end. The investment management firm now holds 60,917 shares of Xylem Inc which is valued at $2,910,614 , the company said in a statement filed on Jul 26, 2016 with the SEC.Xylem Inc makes up approximately 0.66% of Cardan Capital Partners’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in XYL in the latest quarter, The investment management firm added 318 additional shares and now holds a total of 276,104 shares of Xylem Inc which is valued at $13,192,249. Xylem Inc makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in XYL by selling 372,541 shares or 48.98% in the most recent quarter. The Hedge Fund company now holds 388,071 shares of XYL which is valued at $18,247,098. Xylem Inc makes up approx 0.17% of Nn Investment Partners Holdings N.v.’s portfolio.
Xylem Inc closed down -0.08 points or -0.17% at $47.81 with 6,81,688 shares getting traded on Friday. Post opening the session at $47.72, the shares hit an intraday low of $47.4711 and an intraday high of $47.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
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 .
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).