Simmons Bank Sells 100 Shares of Xylem Inc. (NYSE:XYL)

Simmons Bank decreased its position in shares of Xylem Inc. (NYSE:XYL) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,170 shares of the industrial products company’s stock after selling 100 shares during the period. Simmons Bank’s holdings in Xylem were worth $1,373,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XYL. Swedbank AB bought a new stake in shares of Xylem during the 1st quarter valued at $311,684,000. LPL Financial LLC raised its holdings in Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after acquiring an additional 230,878 shares during the period. TCW Group Inc. lifted its position in shares of Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after acquiring an additional 206,350 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after acquiring an additional 186,105 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Xylem during the first quarter worth about $23,263,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Cowen lowered their target price 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. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group initiated 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Trading Down 0.8 %

XYL opened at $123.78 on Thursday. The stock has a 50-day moving average of $130.98 and a 200 day moving average of $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 Inc. has a 12 month low of $99.90 and a 12 month high of $146.08. The firm has a market cap of $30.07 billion, a P/E ratio of 36.19, a P/E/G ratio of 2.30 and a beta of 1.05.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS 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 in the previous year, the business earned $0.99 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

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.