Xylem Inc. $XYL Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,404 shares of the industrial products company’s stock after purchasing an additional 5,538 shares during the quarter. OFI Invest Asset Management owned approximately 0.10% of Xylem worth $34,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Maseco LLP acquired a new stake in Xylem in the 2nd quarter worth about $31,000. ST Germain D J Co. Inc. grew its holdings in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after buying an additional 228 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Xylem in the second quarter valued at about $39,000. Caldwell Trust Co acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $41,000. Finally, FWL Investment Management LLC acquired a new stake in Xylem during the second quarter worth $43,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XYL. Citigroup boosted their target price on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus raised their target price on shares of Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Royal Bank Of Canada upped their target price on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Cowen restated a “hold” rating on shares of Xylem in a research note on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.40.

Insider Transactions at Xylem

In related news, 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 transaction of $251,838.00. Following the transaction, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,590,661.44. Following the completion of the sale, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by corporate insiders.

Xylem Trading Up 0.7%

NYSE:XYL opened at $139.03 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The stock has a fifty day moving average price of $143.76 and a two-hundred day moving average price of $139.62. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 2.14 and a beta of 1.18.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The firm 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%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 25th. Xylem’s dividend payout ratio is currently 41.13%.

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.