Xylem Inc. (NYSE:XYL) Stake Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in Xylem Inc. (NYSE:XYL) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,516 shares of the industrial products company’s stock after selling 343 shares during the period. Crossmark Global Holdings Inc.’s holdings in Xylem were worth $1,690,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after buying an additional 5,477 shares during the period. Cetera Investment Advisers increased its position in Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after acquiring an additional 18,014 shares during the period. Edgestream Partners L.P. raised its stake in Xylem by 82.6% during the 1st quarter. Edgestream Partners L.P. now owns 25,070 shares of the industrial products company’s stock valued at $3,240,000 after purchasing an additional 11,344 shares during the last quarter. BOKF NA grew its position in Xylem by 967.9% during the first quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock worth $8,869,000 after buying an additional 62,485 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Xylem in the first quarter valued at $23,263,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent research reports. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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 note on Friday, November 1st. Finally, TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Price Performance

Shares of NYSE XYL opened at $123.78 on Thursday. The firm 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. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $130.98 and a two-hundred day simple moving average of $134.85. Xylem Inc. has a 1-year low of $99.90 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. Analysts anticipate that Xylem Inc. will post 4.23 earnings per share 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.