Neuberger Berman Group LLC Grows Stake in Xylem Inc. (NYSE:XYL)

Neuberger Berman Group LLC raised its stake in Xylem Inc. (NYSE:XYL) by 8.1% during the 1st quarter, HoldingsChannel reports. The firm owned 149,281 shares of the industrial products company’s stock after acquiring an additional 11,216 shares during the quarter. Neuberger Berman Group LLC’s holdings in Xylem were worth $17,833,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XYL. Townsquare Capital LLC increased its position in shares of Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock worth $1,285,000 after acquiring an additional 88 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Keel Point LLC increased its position in shares of Xylem by 4.1% during the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 93 shares during the last quarter. SageView Advisory Group LLC increased its position in shares of Xylem by 3.6% during the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 98 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Xylem by 3.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 99 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of NYSE XYL opened at $143.58 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $132.23 and a 200-day simple moving average of $125.57. The company has a market cap of $34.95 billion, a PE ratio of 37.29, a P/E/G ratio of 2.49 and a beta of 1.11. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XYL shares. UBS Group lifted their target price on Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial upgraded Xylem to a “hold” rating in a research note on Thursday, May 15th. Stifel Nicolaus lifted their target price on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $151.57.

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.