Xylem Inc. (NYSE:XYL) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 8,987 shares of the industrial products company’s stock after selling 100 shares during the quarter. Harbour Investments Inc.’s holdings in Xylem were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of XYL. Swedbank AB purchased a new stake in Xylem during the first quarter worth $311,684,000. LPL Financial LLC lifted its stake in shares of Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares in the last quarter. TCW Group Inc. lifted its stake 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 worth $42,778,000 after buying an additional 206,350 shares in the last quarter. Marshall Wace LLP lifted 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 buying an additional 186,105 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Xylem in the first quarter worth about $23,263,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Xylem Price Performance

Xylem stock opened at $121.63 on Friday. Xylem Inc. has a 52 week low of $99.90 and a 52 week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $130.86 and its 200 day simple moving average is $134.76. The firm has a market capitalization of $29.55 billion, a PE ratio of 35.56, a P/E/G ratio of 2.30 and a beta of 1.05.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

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.