Parnassus Investments LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 7.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 445,104 shares of the industrial products company’s stock after selling 37,800 shares during the period. Parnassus Investments LLC’s holdings in Xylem were worth $60,614,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of XYL. State of Wyoming grew its holdings in shares of Xylem by 10.4% during the third quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Xylem by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock valued at $1,151,000 after buying an additional 74 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Xylem by 1.5% during the third quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock valued at $753,000 after buying an additional 77 shares during the last quarter. Quest Investment Management LLC boosted its holdings in Xylem by 1.0% in the third quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock valued at $1,119,000 after purchasing an additional 77 shares during the last quarter. Finally, Keel Point LLC boosted its holdings in Xylem by 4.6% in the third quarter. Keel Point LLC now owns 1,784 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 79 shares during the last quarter. 87.96% of the stock is owned by institutional investors.
Insider Transactions at Xylem
In other Xylem news, 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 value of $501,436.74. Following the completion of the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. This represents a 54.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was purchased at an average price of $116.61 per share, with a total value of $141,098.10. Following the transaction, the director owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This trade represents a 4.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.32% of the company’s stock.
Xylem Trading Up 1.7%
Xylem (NYSE:XYL – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, equities analysts predict that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.
Xylem declared that its board has authorized a stock repurchase program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in 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 leadership believes its shares are undervalued.
Xylem Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be given a $0.43 dividend. 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 is 42.79%.
Analyst Ratings Changes
Several research firms have commented on XYL. Stifel Nicolaus lowered their price target on shares of Xylem from $163.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Oppenheimer lowered their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Barclays lowered their price target on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, UBS Group upped their price target on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.
Get Our Latest Analysis on XYL
Xylem Company 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.
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