Empower Advisory Group LLC Sells 731 Shares of Xylem Inc. (NYSE:XYL)

Empower Advisory Group LLC cut its position in shares of Xylem Inc. (NYSE:XYL) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,385 shares of the industrial products company’s stock after selling 731 shares during the quarter. Empower Advisory Group LLC’s holdings in Xylem were worth $11,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. City Holding Co. increased its position in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after buying an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares in the last quarter. Addison Advisors LLC increased its position in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after buying an additional 82 shares in the last quarter. Finally, Bangor Savings Bank increased its position in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on 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 target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Xylem Stock Performance

NYSE XYL opened at $123.78 on Thursday. The stock has a market capitalization of $30.07 billion, a PE ratio of 36.19, a P/E/G ratio of 2.30 and a beta of 1.05. The business has a 50 day simple moving average of $130.98 and a two-hundred day simple moving average of $134.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. 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 business had revenue of $2.10 billion during 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 firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem 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.