Oppenheimer Asset Management Inc. Trims Holdings in Xylem Inc. (NYSE:XYL)

Oppenheimer Asset Management Inc. reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,219 shares of the industrial products company’s stock after selling 88 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Xylem were worth $9,347,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in Xylem by 32.5% in the 1st quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock valued at $495,000 after buying an additional 940 shares during the period. Bleakley Financial Group LLC grew its stake in Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 90 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Xylem by 21.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,739 shares of the industrial products company’s stock worth $36,800,000 after purchasing an additional 49,871 shares during the period. HBK Sorce Advisory LLC increased its holdings in Xylem by 2.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 4,836 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 130 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in Xylem during the 1st quarter valued at $23,263,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of XYL opened at $123.78 on Thursday. The company has a 50 day moving average of $130.98 and a two-hundred day moving average of $134.85. 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 twelve month low of $99.90 and a twelve month high of $146.08. The company has a market cap of $30.07 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05.

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

Analyst Ratings Changes

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

Xylem 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.