Baker Ellis Asset Management LLC Lowers Position in Xylem Inc. (XYL)

Baker Ellis Asset Management LLC decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,698 shares of the industrial products company’s stock after selling 50 shares during the period. Baker Ellis Asset Management LLC’s holdings in Xylem were worth $427,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XYL. Teachers Advisors LLC raised its stake in Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in Xylem during the fourth quarter valued at about $645,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Xylem during the fourth quarter valued at about $288,000. Macquarie Group Ltd. raised its stake in Xylem by 840.0% in the fourth quarter. Macquarie Group Ltd. now owns 14,100 shares of the industrial products company’s stock valued at $699,000 after buying an additional 12,600 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Xylem by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,837 shares of the industrial products company’s stock valued at $7,776,000 after buying an additional 4,811 shares in the last quarter. 86.41% of the stock is currently owned by institutional investors and hedge funds.

Xylem Inc. (XYL) opened at 60.04 on Tuesday. The company has a market cap of $10.78 billion, a PE ratio of 38.76 and a beta of 1.18. The stock has a 50 day moving average price of $55.49 and a 200 day moving average price of $51.39. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $60.14.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a return on equity of 16.02% and a net margin of 7.08%. Xylem’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Equities analysts forecast that Xylem Inc. will post $2.36 earnings per share for the current year.

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Several equities research analysts recently issued reports on XYL shares. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Xylem in a research report on Tuesday, May 9th. CIBC reissued a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Barclays PLC raised Xylem from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $59.00 in a research report on Monday, May 15th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target on shares of Xylem in a research report on Friday, May 26th. Finally, Boenning Scattergood reissued a “buy” rating and set a $55.00 price target on shares of Xylem in a research report on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Xylem currently has a consensus rating of “Buy” and an average target price of $58.23.

In related news, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares in the company, valued at approximately $3,577,300.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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