Corbyn Investment Management Inc. MD Purchases Shares of 7,906 Xylem Inc. $XYL

Corbyn Investment Management Inc. MD acquired a new position in Xylem Inc. (NYSE:XYL) during the first quarter, HoldingsChannel reports. The institutional investor acquired 7,906 shares of the industrial products company’s stock, valued at approximately $945,000.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its position in Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after purchasing an additional 3,900 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 3,120 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Xylem by 97.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,151 shares of the industrial products company’s stock worth $1,442,000 after buying an additional 5,509 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Xylem by 114.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,192 shares of the industrial products company’s stock valued at $154,000 after buying an additional 635 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Xylem news, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was acquired 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the sale, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at $423,443.30. This represents 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 insiders.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price target on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. CLSA upgraded Xylem to a “hold” rating in a research report on Thursday, June 25th. Barclays lowered their price objective on Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group raised Xylem from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $140.00 in a research report on Thursday, June 25th. Finally, Weiss Ratings lowered Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.54.

Xylem Stock Performance

Shares of NYSE:XYL opened at $118.22 on Monday. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.68 and a beta of 1.03. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The firm’s 50-day moving average is $112.66 and its 200 day moving average is $124.57. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Research analysts predict that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. Xylem’s payout ratio is presently 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.