Putney Financial Group LLC Buys 1,398 Shares of Xylem Inc. $XYL

Putney Financial Group LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 1,664.3% in the second quarter, HoldingsChannel reports. The fund owned 1,482 shares of the industrial products company’s stock after acquiring an additional 1,398 shares during the period. Putney Financial Group LLC’s holdings in Xylem were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Xylem by 689.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock valued at $443,074,000 after purchasing an additional 3,239,203 shares in the last quarter. Nuveen LLC bought a new stake in shares of Xylem during the 1st quarter valued at $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Xylem by 390.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock valued at $122,009,000 after buying an additional 813,100 shares in the last quarter. Swedbank AB boosted its holdings in Xylem by 13.9% in the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after buying an additional 531,890 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Xylem by 46.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,363,453 shares of the industrial products company’s stock worth $162,878,000 after buying an additional 434,614 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on XYL. TD Cowen boosted their price objective on Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Citigroup boosted their price target on Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a research note on Wednesday, October 8th. Barclays increased their price objective on shares of Xylem from $165.00 to $172.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank Of Canada boosted their target price on shares of Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.20.

Xylem Stock Performance

NYSE:XYL opened at $151.52 on Friday. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 2.50 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The stock’s 50 day simple moving average is $144.59 and its two-hundred day simple moving average is $133.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.43.

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

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s payout ratio is presently 41.13%.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at $413,861.72. This trade represents a 25.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.