Xylem Inc. $XYL Shares Acquired by Strs Ohio

Strs Ohio lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 107.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,819 shares of the industrial products company’s stock after buying an additional 102,304 shares during the period. Strs Ohio owned 0.08% of Xylem worth $29,178,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was 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 of the company’s stock, valued at $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total value of $251,838.00. Following the transaction, the director directly owned 16,875 shares in the company, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Xylem Stock Down 1.3%

Xylem stock opened at $141.06 on Friday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The stock has a market cap of $34.34 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.02 and a beta of 1.17. The company’s 50-day moving average price is $139.66 and its two-hundred day moving average price is $141.47. 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 quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The company 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 business posted $1.11 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on XYL shares. Royal Bank Of Canada boosted their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Mizuho cut their price objective on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Citigroup boosted their target price on shares of Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Zacks Research lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.80.

Xylem Profile

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.