Broderick Brian C Reduces Stake in Xylem Inc. (NYSE:XYL)

Broderick Brian C lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,350 shares of the industrial products company’s stock after selling 200 shares during the quarter. Xylem comprises 1.9% of Broderick Brian C’s portfolio, making the stock its 23rd largest holding. Broderick Brian C’s holdings in Xylem were worth $9,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Bangor Savings Bank grew its position 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 valued at $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Xylem in the second quarter worth $33,000. Blue Trust Inc. raised its position in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

NYSE XYL opened at $121.63 on Friday. The firm has a market cap of $29.55 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.28 and a beta of 1.05. The company has a 50-day simple moving average of $130.86 and a two-hundred day simple moving average of $134.76. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $99.90 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $2.17 billion. During the same period last year, the company earned $0.99 EPS. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

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

Xylem Company 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.