Welch & Forbes LLC Has $54.72 Million Stock Holdings in Xylem Inc. $XYL

Welch & Forbes LLC boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 401,832 shares of the industrial products company’s stock after buying an additional 8,461 shares during the quarter. Welch & Forbes LLC’s holdings in Xylem were worth $54,722,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. AdvisorShares Investments LLC acquired a new position in Xylem during the fourth quarter valued at approximately $146,000. Norges Bank bought a new stake in Xylem in the fourth quarter valued at approximately $361,012,000. Moors & Cabot Inc. raised its stake in Xylem by 2.2% in the fourth quarter. Moors & Cabot Inc. now owns 9,365 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 202 shares during the period. Baker Avenue Asset Management LP raised its stake in Xylem by 40.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 2,049 shares of the industrial products company’s stock valued at $279,000 after buying an additional 587 shares during the period. Finally, IFG Advisory LLC raised its stake in Xylem by 4.1% in the fourth quarter. IFG Advisory LLC now owns 27,382 shares of the industrial products company’s stock valued at $3,729,000 after buying an additional 1,081 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jerome A. Peribere bought 1,210 shares of the stock in a transaction dated Monday, May 4th. The shares were 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 owned 27,209 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. This trade represents a 54.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by company insiders.

Xylem Price Performance

Shares of NYSE XYL opened at $109.58 on Friday. The firm has a market cap of $26.05 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. 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 Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The business’s 50 day moving average is $117.84 and its 200-day moving average is $129.76.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $2.13 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 firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities research analysts predict that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem declared that its board has approved a share buyback program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s dividend payout ratio (DPR) is 42.79%.

Analysts Set New Price Targets

Several research firms have issued reports on XYL. Jefferies Financial Group restated a “hold” rating and issued a $130.00 price objective (down from $140.00) on shares of Xylem in a research note on Tuesday, March 31st. Oppenheimer dropped their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings lowered Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. The Goldman Sachs Group set a $158.00 price objective on Xylem in a research note on Wednesday, February 11th. Finally, TD Cowen restated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

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.