Xylem Inc (XYL) : Seabridge Investment Advisors reduced its stake in Xylem Inc by 5.3% during the most recent quarter end. The investment management company now holds a total of 199,439 shares of Xylem Inc which is valued at $8,468,180 after selling 11,153 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Xylem Inc makes up approximately 1.91% of Seabridge Investment Advisors’s portfolio.
Xylem Inc opened for trading at $41.96 and hit $42.49 on the upside on Friday, eventually ending the session at $42.46, with a gain of 1.48% or 0.62 points. The heightened volatility saw the trading volume jump to 18,94,165 shares. Company has a market cap of $7,579 M.
Other Hedge Funds, Including , First Quadrant L Pca added XYL to its portfolio by purchasing 281,800 company shares during the most recent quarter which is valued at $11,965,228. Xylem Inc makes up approx 0.26% of First Quadrant L Pca’s portfolio.Oakbrook Investments boosted its stake in XYL in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 19,974 shares of Xylem Inc which is valued at $844,501. Xylem Inc makes up approx 0.05% of Oakbrook Investments’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in XYL in the latest quarter, The investment management firm added 4,142 additional shares and now holds a total of 42,417 shares of Xylem Inc which is valued at $1,793,391. Xylem Inc makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
On the company’s financial health, Xylem Inc reported $0.60 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.60. The company had revenue of $994.00 million for the quarter, compared to analysts expectations of $997.08 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on Xylem Inc. 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 was Downgraded by Stifel to ” Hold” on Mar 21, 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).