SG Americas Securities LLC reduced its position in Xylem Inc (NYSE:XYL) by 70.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,806 shares of the industrial products company’s stock after selling 86,150 shares during the period. SG Americas Securities LLC’s holdings in Xylem were worth $2,995,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its stake in Xylem by 101.2% in the 1st quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 170 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Xylem in the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC purchased a new stake in Xylem in the 1st quarter worth approximately $30,000. BSW Wealth Partners purchased a new stake in Xylem in the 1st quarter worth approximately $45,000. Finally, Harvest Group Wealth Management LLC purchased a new stake in Xylem in the 1st quarter worth approximately $46,000. 85.62% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus lowered their price objective on shares of Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Credit Suisse Group cut shares of Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. Cowen cut shares of Xylem from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $72.00 in a research note on Tuesday, May 14th. Finally, Janney Montgomery Scott raised shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Xylem has a consensus rating of “Buy” and an average target price of $79.69.

Shares of NYSE XYL opened at $75.86 on Wednesday. Xylem Inc has a 52-week low of $60.65 and a 52-week high of $85.39. The company’s fifty day moving average is $80.62. The stock has a market cap of $13.64 billion, a PE ratio of 26.34, a PEG ratio of 1.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.47 and a quick ratio of 1.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Xylem had a net margin of 10.90% and a return on equity of 19.23%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Xylem Inc will post 3.17 earnings per share for the current fiscal year.

In other news, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $75.13, for a total value of $375,650.00. Following the sale, the insider now owns 46,228 shares in the company, valued at approximately $3,473,109.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Colin R. Sabol sold 4,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $84.28, for a total transaction of $337,120.00. Following the completion of the sale, the insider now owns 35,781 shares in the company, valued at approximately $3,015,622.68. The disclosure for this sale can be found here. Insiders sold a total of 30,371 shares of company stock worth $2,424,707 in the last quarter. 0.85% of the stock is currently owned by company insiders.

About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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