Empower Advisory Group LLC Sells 731 Shares of Xylem Inc. (NYSE:XYL)

Empower Advisory Group LLC trimmed its stake in Xylem Inc. (NYSE:XYL) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 84,385 shares of the industrial products company’s stock after selling 731 shares during the period. Empower Advisory Group LLC’s holdings in Xylem were worth $11,395,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank lifted its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem during the 2nd quarter worth approximately $33,000. Blue Trust Inc. lifted its stake in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XYL shares. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird decreased their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.17.

Xylem Trading Down 0.8 %

Shares of NYSE:XYL opened at $123.78 on Thursday. Xylem Inc. has a 12-month low of $99.90 and a 12-month high of $146.08. The business’s fifty day simple moving average is $130.98 and its 200-day simple moving average is $134.85. The company has a market capitalization of $30.07 billion, a PE ratio of 36.19, a P/E/G ratio of 2.30 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $0.99 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.