Ethic Inc. Sells 8,610 Shares of Xylem Inc. (NYSE:XYL)

Ethic Inc. trimmed its holdings in Xylem Inc. (NYSE:XYL) by 15.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,399 shares of the industrial products company’s stock after selling 8,610 shares during the quarter. Ethic Inc.’s holdings in Xylem were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after purchasing an additional 5,286 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Xylem in the fourth quarter worth about $219,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Xylem by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company’s stock valued at $5,648,000 after acquiring an additional 331 shares during the period. Czech National Bank grew its stake in Xylem by 6.5% during the fourth quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock valued at $6,111,000 after acquiring an additional 3,197 shares in the last quarter. Finally, TT International Asset Management LTD increased its holdings in Xylem by 70.5% during the 4th quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company’s stock worth $2,976,000 after acquiring an additional 10,608 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on XYL. Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.88.

Xylem Trading Down 0.4 %

Shares of XYL stock opened at $122.77 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $29.88 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The business has a 50-day moving average price of $117.32 and a two-hundred day moving average price of $121.55. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

About Xylem

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.