Suffolk Capital Management Lowers stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Suffolk Capital Management reduced its stake in Xylem Inc by 6.57% during the most recent quarter end. The investment management company now holds a total of 275,634 shares of Xylem Inc which is valued at $13,379,274 after selling 19,372 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Xylem Inc makes up approximately 1.60% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Moors Cabot reduced its stake in XYL by selling 499 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 8,359 shares of XYL which is valued at $405,746. Xylem Inc makes up approx 0.07% of Moors Cabot’s portfolio.Commonwealth Equity Services Inc boosted its stake in XYL in the latest quarter, The investment management firm added 1,548 additional shares and now holds a total of 57,922 shares of Xylem Inc which is valued at $2,742,607. Xylem Inc makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.Chicago Equity Partners boosted its stake in XYL in the latest quarter, The investment management firm added 27,955 additional shares and now holds a total of 89,835 shares of Xylem Inc which is valued at $4,295,011. Xylem Inc makes up approx 0.12% of Chicago Equity Partners’s portfolio.Duncker Streett Co Inc boosted its stake in XYL in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 4,532 shares of Xylem Inc which is valued at $212,823. Xylem Inc makes up approx 0.07% of Duncker Streett Co Inc’s portfolio.Cutler Group Lp boosted its stake in XYL in the latest quarter, The investment management firm added 7,867 additional shares and now holds a total of 8,393 shares of Xylem Inc which is valued at $394,639. Xylem Inc makes up approx 0.03% of Cutler Group Lp’s portfolio.

Xylem Inc opened for trading at $49.2 and hit $50.505 on the upside on Monday, eventually ending the session at $50.32, with a gain of 3.86% or 1.87 points. The heightened volatility saw the trading volume jump to 18,18,499 shares. Company has a market cap of $9,016 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).

Leave a Reply

Xylem Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Xylem Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.