Neuberger Berman Group LLC Raises Holdings in Xylem Inc. (NYSE:XYL)

Key Points

• Neuberger Berman Group LLC increased its holdings in Xylem Inc. by 8.1%, owning 149,281 shares valued at approximately $17.8 million as of its latest SEC filing.
• Major hedge funds, including Vanguard Group Inc. and Royal Bank of Canada, have also increased their stakes in Xylem, indicating strong institutional support with 87.96% of the stock held by institutional investors.
• Analysts have set a consensus price target of $151.57 for Xylem, with several firms upgrading their ratings, reflecting positive sentiment about the company’s future performance.

Neuberger Berman Group LLC boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,281 shares of the industrial products company's stock after purchasing an additional 11,216 shares during the period. Neuberger Berman Group LLC owned about 0.06% of Xylem worth $17,833,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Xylem by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after buying an additional 362,127 shares during the last quarter. Royal Bank of Canada grew its holdings in Xylem by 7.9% during the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after buying an additional 320,500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Xylem by 8.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after buying an additional 301,070 shares during the last quarter. Northern Trust Corp grew its holdings in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after buying an additional 966,399 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Xylem by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company's stock valued at $279,747,000 after buying an additional 15,740 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on XYL. UBS Group increased their target price on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. Stifel Nicolaus raised their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.57.

Xylem Price Performance

Shares of Xylem stock opened at $143.58 on Thursday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The stock has a market capitalization of $34.95 billion, a P/E ratio of 37.29, a PEG ratio of 2.49 and a beta of 1.11. 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 business's fifty day moving average price is $132.23 and its 200 day moving average price is $125.57.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current 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.

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