Mountain Pacific Investment Advisers LLC Has $20.05 Million Stock Position in Xylem Inc. $XYL

Mountain Pacific Investment Advisers LLC decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 56.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 135,919 shares of the industrial products company’s stock after selling 174,996 shares during the period. Xylem accounts for about 3.1% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 7th largest position. Mountain Pacific Investment Advisers LLC owned about 0.06% of Xylem worth $20,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Xylem during the second quarter valued at approximately $338,232,000. ABN AMRO Bank N.V. acquired a new stake in shares of Xylem in the second quarter worth $208,226,000. Swedbank AB boosted its holdings in shares of Xylem by 19.0% during the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after buying an additional 830,821 shares during the period. Amundi grew its stake in Xylem by 17.0% in the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after buying an additional 830,337 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Xylem by 544.0% in the 3rd quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock worth $128,141,000 after acquiring an additional 733,860 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XYL. Barclays lowered their price target on Xylem from $172.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Robert W. Baird set a $178.00 price target on Xylem in a research report on Wednesday, October 29th. Argus set a $170.00 price target on Xylem in a report on Wednesday, October 29th. Finally, Citigroup increased their price objective on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.80.

Xylem Price Performance

Shares of XYL stock opened at $141.69 on Thursday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The company has a market capitalization of $34.50 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.96 and a beta of 1.17. The stock has a 50 day moving average of $139.78 and a two-hundred day moving average of $141.39. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $1.11 earnings per share. Xylem’s revenue was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, equities analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s payout ratio is presently 41.13%.

Insider Activity

In other Xylem news, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the completion of the transaction, the executive vice president owned 31,250 shares in the company, valued at $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Victoria D. Harker sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the sale, the director owned 16,875 shares in the company, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.