Scratch Capital LLC Purchases Shares of 3,981 Xylem Inc. $XYL

Scratch Capital LLC acquired a new stake in Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,981 shares of the industrial products company’s stock, valued at approximately $587,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Xylem in the second quarter valued at approximately $338,232,000. ABN AMRO Bank N.V. acquired a new stake in shares of Xylem in the 2nd quarter valued at $208,226,000. Amundi raised its holdings in shares of 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 purchasing an additional 830,337 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Xylem by 544.0% during the third quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock worth $128,141,000 after purchasing an additional 733,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Xylem by 2.4% during the second quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock worth $3,841,711,000 after purchasing an additional 691,285 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of Xylem stock opened at $138.55 on Wednesday. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.16 and a beta of 1.18. The firm’s fifty day simple moving average is $143.60 and its 200-day simple moving average is $139.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Xylem’s dividend payout ratio is presently 41.13%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XYL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a report on Monday, December 15th. TD Cowen raised their target price on Xylem from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Royal Bank Of Canada upped their price target on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group increased their price target on shares of Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Barclays boosted their price objective on shares of Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

Insider Activity

In other news, EVP Claudia S. Toussaint sold 10,421 shares of the business’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 transaction, the executive vice president directly owned 31,250 shares in the company, valued at $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the transaction, the director directly owned 16,875 shares of the company’s stock, valued at $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. 0.27% of the stock is owned by insiders.

Xylem Company 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.