Trillium Asset Management LLC Sells 8,140 Shares of Xylem Inc. $XYL

Trillium Asset Management LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,079 shares of the industrial products company’s stock after selling 8,140 shares during the quarter. Trillium Asset Management LLC’s holdings in Xylem were worth $19,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of XYL. AlTi Global Inc. increased its position in shares of Xylem by 51.3% in the third quarter. AlTi Global Inc. now owns 3,294 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 1,117 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Xylem by 102.0% during the third quarter. Phoenix Financial Ltd. now owns 5,234 shares of the industrial products company’s stock valued at $531,000 after acquiring an additional 2,643 shares during the period. Danske Bank A S lifted its position in shares of Xylem by 4.7% in the 3rd quarter. Danske Bank A S now owns 297,782 shares of the industrial products company’s stock valued at $30,156,000 after acquiring an additional 13,296 shares in the last quarter. Diversified Trust Co lifted its position in shares of Xylem by 27.5% in the 3rd quarter. Diversified Trust Co now owns 13,972 shares of the industrial products company’s stock valued at $1,415,000 after acquiring an additional 3,015 shares in the last quarter. Finally, EagleClaw Capital Managment LLC lifted its position in shares of Xylem by 22.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 60,490 shares of the industrial products company’s stock valued at $6,126,000 after acquiring an additional 11,035 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

More Xylem News

These are some of the XYL news items that stood out recently:

• Positive Sentiment: Xylem’s board authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company may buy shares on the open market or in private transactions, depending on market conditions. Buybacks can return capital to shareholders and may support per-share results, though the authorization does not guarantee that the full amount will be spent. Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
• Positive Sentiment: The company declared a fourth-quarter dividend of $0.43 per share, payable December 22 to shareholders of record November 24. The payout provides a cash return to shareholders; the announcement did not specify a dividend increase. Xylem Declares Fourth Quarter Dividend of 43 Cents per Share
• Positive Sentiment: A November 12 report said Xylem acquired Cornell Pump and Roper Pump, expanding its engineered-pumping portfolio for industrial and municipal markets. The additions could broaden its offerings, although the article provides no deal terms or financial contribution details. Xylem Acquires Cornell Pump and Roper Pump to Expand Portfolio

Insiders Place Their Bets

In other news, Director D Koch purchased 11,000 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was bought at an average cost of $89.60 per share, with a total value of $985,600.00. Following the purchase, the director directly owned 12,247 shares of the company’s stock, valued at approximately $1,097,331.20. This trade represents a 882.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wolfe Research started coverage on shares of Xylem in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Jefferies Financial Group boosted their target price on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Zacks Research lowered Xylem from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Stifel Nicolaus decreased their target price on Xylem from $141.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, BNP Paribas Exane decreased their target price on Xylem from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $121.31.

Xylem Stock Up 0.2%

Shares of NYSE XYL traded up $0.18 during mid-day trading on Friday, reaching $94.21. The company had a trading volume of 1,862,807 shares, compared to its average volume of 3,662,948. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.39. Xylem Inc. has a twelve month low of $87.40 and a twelve month high of $146.76. The stock’s 50 day moving average is $102.28 and its 200-day moving average is $115.33. The stock has a market capitalization of $21.61 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). Xylem had a net margin of 11.94% and a return on equity of 12.06%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $1.37 EPS. Xylem’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that Xylem Inc. will post 5.45 earnings per share for the current fiscal year.

About Xylem

Xylem Inc. is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure. The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.