Jerome Peribere Acquires 1,210 Shares of Xylem (NYSE:XYL) Stock

Xylem Inc. (NYSE:XYL) Director Jerome Peribere purchased 1,210 shares of the company’s stock in a transaction on Monday, May 4th. The stock was bought at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the purchase, the director directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. The trade was a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Xylem Stock Up 1.4%

Shares of NYSE:XYL opened at $116.42 on Wednesday. The firm has a 50 day simple moving average of $123.05 and a 200-day simple moving average of $134.50. Xylem Inc. has a twelve month low of $114.15 and a twelve month high of $154.27. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $27.67 billion, a PE ratio of 28.96, a P/E/G ratio of 1.64 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, equities analysts predict that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem announced that its board has authorized a stock buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, February 24th. Xylem’s payout ratio is presently 42.79%.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research reports. Oppenheimer dropped their price target on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. William Blair began coverage on shares of Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. Finally, Barclays reduced their price target on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Institutional Trading of Xylem

Hedge funds have recently added to or reduced their stakes in the stock. J. Stern & Co. LLP raised its stake in shares of Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the last quarter. Vanguard Group Inc. grew its position in Xylem by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock valued at $4,092,855,000 after buying an additional 152,507 shares during the last quarter. State Street Corp grew its position in Xylem by 2.6% in the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock valued at $1,529,768,000 after buying an additional 280,221 shares during the last quarter. Geode Capital Management LLC increased its stake in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after buying an additional 151,754 shares during the period. Finally, Swedbank AB increased its stake in Xylem by 0.3% in the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock valued at $660,444,000 after buying an additional 18,759 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

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.