Private Asset Management Inc. Has $3.75 Million Stake in Xylem Inc (NYSE:XYL)

Private Asset Management Inc. reduced its stake in shares of Xylem Inc (NYSE:XYL) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,435 shares of the industrial products company’s stock after selling 2,885 shares during the period. Private Asset Management Inc.’s holdings in Xylem were worth $3,749,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC increased its stake in shares of Xylem by 44.5% in the 3rd quarter. MML Investors Services LLC now owns 6,430 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 1,980 shares in the last quarter. AXA bought a new stake in shares of Xylem in the 3rd quarter valued at $388,000. Bank of New York Mellon Corp increased its stake in shares of Xylem by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,083,342 shares of the industrial products company’s stock valued at $166,396,000 after acquiring an additional 77,010 shares in the last quarter. American International Group Inc. increased its stake in shares of Xylem by 6.2% in the 3rd quarter. American International Group Inc. now owns 63,822 shares of the industrial products company’s stock valued at $5,097,000 after acquiring an additional 3,716 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Xylem by 23.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 130,420 shares of the industrial products company’s stock valued at $10,417,000 after acquiring an additional 25,110 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

XYL opened at $82.18 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.43 and a beta of 1.14. Xylem Inc has a 1 year low of $60.65 and a 1 year high of $83.76.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Xylem had a net margin of 10.54% and a return on equity of 19.89%. On average, analysts expect that Xylem Inc will post 3.31 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Xylem from $80.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Boenning Scattergood restated a “buy” rating on shares of Xylem in a research note on Friday, March 22nd. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research note on Sunday, January 6th. Finally, Janney Montgomery Scott lowered shares of Xylem from a “buy” rating to a “neutral” rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Xylem has an average rating of “Buy” and an average price target of $79.64.

In other Xylem news, SVP Tomas Brannemo sold 2,621 shares of Xylem stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $75.05, for a total transaction of $196,706.05. Following the transaction, the senior vice president now directly owns 12,774 shares of the company’s stock, valued at approximately $958,688.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin R. Sabol sold 15,930 shares of Xylem stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $80.45, for a total transaction of $1,281,568.50. Following the transaction, the insider now directly owns 54,543 shares in the company, valued at $4,387,984.35. The disclosure for this sale can be found here. Insiders have sold a total of 80,195 shares of company stock worth $6,000,933 over the last ninety days. Insiders own 0.85% of the company’s stock.

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About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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