Xylem Inc (XYL) : Penn Davis Mcfarland Inc reduced its stake in Xylem Inc by 20.41% during the most recent quarter end. The investment management company now holds a total of 274,537 shares of Xylem Inc which is valued at $12,900,494 after selling 70,395 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Xylem Inc makes up approximately 3.40% of Penn Davis Mcfarland Inc’s portfolio.
Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc added XYL to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $469,900. Xylem Inc makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in XYL in the latest quarter, The investment management firm added 104,727 additional shares and now holds a total of 425,112 shares of Xylem Inc which is valued at $19,729,448. Xylem Inc makes up approx 0.17% of British Columbia Investment Management Corp’s portfolio.Private Asset Management Inc reduced its stake in XYL by selling 1,950 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 98,658 shares of XYL which is valued at $4,578,718. Xylem Inc makes up approx 0.80% of Private Asset Management Inc’s portfolio.
Xylem Inc closed down -0.06 points or -0.13% at $46.99 with 5,97,800 shares getting traded on Monday. Post opening the session at $47.07, the shares hit an intraday low of $46.85 and an intraday high of $47.27 and the price fluctuated in this range throughout the day.Shares ended Monday 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).