Welch & Forbes LLC Has $49.46 Million Stake in Xylem Inc. $XYL

Welch & Forbes LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,855 shares of the industrial products company’s stock after buying an additional 12,023 shares during the quarter. Welch & Forbes LLC’s holdings in Xylem were worth $49,456,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Wexford Capital LP bought a new stake in shares of Xylem in the 3rd quarter worth about $27,000. Commonwealth Retirement Investments LLC bought a new position in Xylem during the 4th quarter valued at about $27,000. Board of the Pension Protection Fund bought a new position in Xylem during the 4th quarter valued at about $27,000. Entrust Financial LLC acquired a new position in Xylem in the fourth quarter valued at about $45,000. Finally, FWL Investment Management LLC acquired a new position in Xylem in the second quarter valued at about $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XYL has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $140.00 in a report on Thursday, June 25th. Oppenheimer reduced their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. CLSA upgraded Xylem to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. dropped their price target on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Weiss Ratings downgraded Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $153.54.

Insider Transactions at Xylem

In other news, Director Jerome A. Peribere acquired 1,210 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the transaction, the director directly owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by company insiders.

Xylem Trading Up 2.0%

XYL stock traded up $2.37 during trading on Friday, hitting $121.26. The company had a trading volume of 1,399,557 shares, compared to its average volume of 1,783,016. The firm has a 50-day moving average price of $112.64 and a 200-day moving average price of $124.05. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.82 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.72 and a beta of 1.03.

Xylem (NYSE:XYL) last announced its quarterly earnings data 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. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, analysts predict that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.4%. Xylem’s dividend payout ratio (DPR) is currently 42.79%.

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.