Trillium Asset Management LLC Purchases 8,483 Shares of Xylem Inc. (NYSE:XYL)

Key Points

• Trillium Asset Management LLC acquired an additional 8,483 shares of Xylem Inc., increasing its holdings by 4.3%, bringing its total to 206,741 shares valued at approximately $24.7 million.
• Several institutional investors, including Vanguard Group and Royal Bank of Canada, have significantly increased their positions in Xylem, indicating strong interest, as 87.96% of the stock is now owned by institutional investors.
• Xylem reported earnings of $1.26 per share, beating analysts' expectations, with revenues up 6.1% year-over-year, and shares now have a consensus target price of $151.57.

Trillium Asset Management LLC increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,741 shares of the industrial products company's stock after acquiring an additional 8,483 shares during the period. Trillium Asset Management LLC owned about 0.08% of Xylem worth $24,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co bought a new position in Xylem in the 1st quarter valued at approximately $27,000. Center for Financial Planning Inc. lifted its stake in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter valued at approximately $36,000. Finally, Headlands Technologies LLC lifted its stake in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Down 1.2%

Shares of NYSE XYL traded down $1.66 during mid-day trading on Thursday, reaching $141.87. 779,094 shares of the company's stock traded hands, compared to its average volume of 1,483,138. The stock has a market cap of $34.53 billion, a P/E ratio of 36.85, a PEG ratio of 2.49 and a beta of 1.11. The business has a 50-day simple moving average of $132.23 and a 200 day simple moving average of $125.57. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

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

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Citigroup reissued a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average price target of $151.57.

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.