Kestra Private Wealth Services LLC Sells 296 Shares of Xylem Inc. (NYSE:XYL)

Kestra Private Wealth Services LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,590 shares of the industrial products company’s stock after selling 296 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Xylem were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in Xylem by 0.9% in the third quarter. Commonwealth Equity Services LLC now owns 69,566 shares of the industrial products company’s stock valued at $6,333,000 after acquiring an additional 645 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Xylem by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,603 shares of the industrial products company’s stock valued at $1,693,000 after purchasing an additional 553 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Xylem by 21.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,782 shares of the industrial products company’s stock worth $2,165,000 after buying an additional 4,157 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Xylem by 14.6% in the third quarter. Mackenzie Financial Corp now owns 48,640 shares of the industrial products company’s stock valued at $4,384,000 after buying an additional 6,208 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Xylem by 21.4% during the third quarter. Strs Ohio now owns 15,670 shares of the industrial products company’s stock valued at $1,426,000 after buying an additional 2,760 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.

Xylem Stock Up 0.8 %

Xylem stock opened at $141.20 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $34.23 billion, a P/E ratio of 50.25, a P/E/G ratio of 2.59 and a beta of 1.08. The firm has a 50 day moving average price of $129.51 and a 200-day moving average price of $116.38. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $141.30.

Xylem (NYSE:XYL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. As a group, equities analysts predict that Xylem Inc. will post 4.24 EPS for the current year.

Analyst Ratings Changes

XYL has been the topic of several recent research reports. Oppenheimer raised their price target on shares of Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Citigroup upped their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada raised their price objective on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus increased their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.70.

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.