First Horizon Advisors Inc. lessened its holdings in Xylem Inc. (NYSE:XYL – Get Rating) by 57.7% during the fourth quarter, Holdings Channel reports. The fund owned 342 shares of the industrial products company’s stock after selling 466 shares during the period. First Horizon Advisors Inc.’s holdings in Xylem were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in XYL. AGF Investments LLC acquired a new position in shares of Xylem in the fourth quarter valued at about $27,000. UMB Bank N A MO bought a new stake in Xylem in the 4th quarter valued at about $27,000. Moors & Cabot Inc. grew its position in shares of Xylem by 309.6% during the 3rd quarter. Moors & Cabot Inc. now owns 28,000 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 21,164 shares in the last quarter. Bell Investment Advisors Inc bought a new position in shares of Xylem during the third quarter worth approximately $32,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $34,000. 83.83% of the stock is owned by institutional investors.
In related news, SVP Colin R. Sabol sold 4,233 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $83.05, for a total transaction of $351,550.65. Following the transaction, the senior vice president now directly owns 27,373 shares of the company’s stock, valued at $2,273,327.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by insiders.
Xylem (NYSE:XYL – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. Xylem had a return on equity of 13.80% and a net margin of 8.10%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. As a group, analysts forecast that Xylem Inc. will post 2.56 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group reduced their price objective on shares of Xylem from $111.00 to $98.00 and set an “underperform” rating on the stock in a research note on Friday, February 4th. Stifel Nicolaus decreased their price objective on shares of Xylem from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, April 18th. Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating and set a $89.00 target price for the company in a research note on Thursday. TheStreet cut Xylem from a “b” rating to a “c+” rating in a report on Monday, February 7th. Finally, Mizuho cut their price target on Xylem from $115.00 to $85.00 in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.90.
Xylem Profile (Get Rating)
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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