Xylem Inc. $XYL Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 26.2% in the fourth quarter, HoldingsChannel reports. The firm owned 44,235 shares of the industrial products company’s stock after selling 15,720 shares during the quarter. NFJ Investment Group LLC’s holdings in Xylem were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Knuff & Co LLC acquired a new position in Xylem during the 3rd quarter valued at approximately $27,000. Board of the Pension Protection Fund acquired a new position in Xylem during the 4th quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC acquired a new position in Xylem during the 4th quarter valued at approximately $27,000. Wexford Capital LP acquired a new position in Xylem during the 3rd quarter valued at approximately $27,000. Finally, Ramirez Asset Management Inc. boosted its position in 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 period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $116.61 per share, with a total value of $141,098.10. Following the purchase, the director owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 3,605 shares in the company, valued at $423,443.30. This represents a 54.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is currently owned by insiders.

Xylem Stock Up 0.8%

XYL opened at $109.92 on Friday. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. The stock’s fifty day moving average is $115.78 and its 200-day moving average is $127.35. The company has a market capitalization of $26.13 billion, a PE ratio of 27.34, a P/E/G ratio of 1.57 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’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. On average, equities analysts predict that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem announced that its board has approved a share buyback program on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Xylem Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citigroup reduced their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. UBS Group boosted their price objective on Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their target price on Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.77.

About Xylem

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.