Xylem Inc. (NYSE:XYL) Position Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 72,994 shares of the industrial products company’s stock after selling 1,199 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Xylem were worth $9,856,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Bangor Savings Bank grew its position in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. raised its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

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

Xylem Stock Down 0.8 %

Xylem stock opened at $123.78 on Thursday. Xylem Inc. has a 52 week low of $99.90 and a 52 week high of $146.08. The stock has a market cap of $30.07 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.30 and a beta of 1.05. The company’s 50-day moving average price is $130.98 and its two-hundred day moving average price is $134.85. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. On average, analysts expect that Xylem Inc. will post 4.23 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.