Resources Management Corp CT ADV Raises Position in Xylem Inc. $XYL

Resources Management Corp CT ADV grew its holdings in shares of Xylem Inc. (NYSE:XYLFree Report) by 123.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,007 shares of the industrial products company’s stock after purchasing an additional 11,051 shares during the period. Resources Management Corp CT ADV’s holdings in Xylem were worth $2,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XYL. Knuff & Co LLC purchased a new stake in shares of Xylem during the 3rd quarter valued at $27,000. Board of the Pension Protection Fund purchased a new stake in shares of Xylem during the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem during the 4th quarter valued at $27,000. Wexford Capital LP purchased a new stake in shares of Xylem during the 3rd quarter valued at $27,000. Finally, Ramirez Asset Management Inc. lifted its holdings in shares of Xylem by 100.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $109.92 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The stock’s fifty day moving average price is $115.78 and its 200 day moving average price is $127.25. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.57 and a beta of 1.05.

Xylem (NYSE:XYLGet Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, equities research analysts forecast that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem announced that its Board of Directors has approved a stock buyback program on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Xylem Announces Dividend

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

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction dated Thursday, May 7th. The stock was 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 approximately $423,443.30. This trade represents a 54.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jerome A. Peribere bought 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XYL. Oppenheimer decreased their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Barclays decreased their price objective on Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. TD Cowen reissued a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $130.00 target price (down from $140.00) on shares of Xylem in a research report on Tuesday, March 31st. Finally, Citigroup cut their target price on Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.77.

Check Out Our Latest Stock Analysis on XYL

Xylem Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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