Nuance Investments Lowers stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Nuance Investments reduced its stake in Xylem Inc by 43.53% during the most recent quarter end. The investment management company now holds a total of 33,671 shares of Xylem Inc which is valued at $1,556,610 after selling 25,955 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Xylem Inc makes up approximately 0.16% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in XYL by selling 7,994 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 56,637 shares of XYL which is valued at $2,618,329. Xylem Inc makes up approx 0.04% of Royal London Asset Management Ltd’s portfolio.Agf Investments boosted its stake in XYL in the latest quarter, The investment management firm added 243 additional shares and now holds a total of 42,811 shares of Xylem Inc which is valued at $1,979,153. Xylem Inc makes up approx 0.02% of Agf Investments’s portfolio.California State Teachers Retirement System reduced its stake in XYL by selling 12,338 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 383,853 shares of XYL which is valued at $17,745,524. Xylem Inc makes up approx 0.04% of California State Teachers Retirement System’s portfolio.Checchi Capital Advisers reduced its stake in XYL by selling 29 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 1,502 shares of XYL which is valued at $70,534. Xylem Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio. Simplex Trading sold out all of its stake in XYL during the most recent quarter. The investment firm sold 390 shares of XYL which is valued $18,408.

Xylem Inc opened for trading at $47.31 and hit $47.67 on the upside on Monday, eventually ending the session at $47.49, with a gain of 0.30% or 0.14 points. The heightened volatility saw the trading volume jump to 6,99,285 shares. Company has a market cap of $8,509 M.

On the company’s financial health, Xylem Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.47. The company had revenue of $932.00 million for the quarter, compared to analysts expectations of $928.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

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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