Ethic Inc. Has $5.27 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Ethic Inc. reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,399 shares of the industrial products company’s stock after selling 8,610 shares during the quarter. Ethic Inc.’s holdings in Xylem were worth $5,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in Xylem during the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC grew its holdings in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several recent analyst reports. Citigroup reduced their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Robert W. Baird dropped their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $146.88.

Xylem Stock Down 0.4 %

Xylem stock opened at $122.77 on Friday. The firm has a 50 day moving average price of $117.32 and a 200-day moving average price of $121.55. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The company has a market capitalization of $29.88 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. As a group, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current 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.