Cipher Capital Lp buys $9.9 Million stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Cipher Capital Lp scooped up 201,642 additional shares in Xylem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 229,544 shares of Xylem Inc which is valued at $9.9 Million.Xylem Inc makes up approximately 0.94% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in XYL by selling 805 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 38,437 shares of XYL which is valued at $1.7 Million. Xylem Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.Janney Montgomery Scott reduced its stake in XYL by selling 126 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 38,001 shares of XYL which is valued at $1.6 Million. Xylem Inc makes up approx 0.04% of Janney Montgomery Scott’s portfolio. Secor Capital Advisors Lp sold out all of its stake in XYL during the most recent quarter. The investment firm sold 28,865 shares of XYL which is valued $1.2 Million.Veritas Investment Management Llp boosted its stake in XYL in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 9,930 shares of Xylem Inc which is valued at $415,968. Xylem Inc makes up approx 0.08% of Veritas Investment Management Llp’s portfolio.

Xylem Inc opened for trading at $43.25 and hit $43.685 on the upside on Monday, eventually ending the session at $43.43, with a gain of 0.65% or 0.28 points. The heightened volatility saw the trading volume jump to 10,50,203 shares. Company has a market cap of $7,770 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.

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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