Jerome Peribere Purchases 1,210 Shares of Xylem (NYSE:XYL) Stock

Xylem Inc. (NYSE:XYL) Director Jerome Peribere acquired 1,210 shares of Xylem stock in a transaction on Monday, May 4th. The stock was acquired at an average cost of $116.61 per share, for a total transaction 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xylem Price Performance

Xylem stock traded down $0.43 on Monday, reaching $114.94. The company’s stock had a trading volume of 1,637,552 shares, compared to its average volume of 2,041,589. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. Xylem Inc. has a twelve month low of $114.15 and a twelve month high of $154.27. The company has a market cap of $27.32 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.64 and a beta of 1.08. The business’s fifty day moving average price is $123.29 and its 200 day moving average price is $134.70.

Xylem (NYSE:XYL) last issued its quarterly 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 business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts expect that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. This is a boost from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s payout ratio is currently 42.79%.

Institutional Investors Weigh In On Xylem

Large investors have recently modified their holdings of the business. SJS Investment Consulting Inc. increased its holdings in shares of Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares in the last quarter. Knuff & Co LLC bought a new stake in shares of Xylem in the third quarter worth about $27,000. Board of the Pension Protection Fund bought a new stake in shares of Xylem in the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Xylem in the fourth quarter worth about $27,000. Finally, Wexford Capital LP bought a new stake in shares of Xylem in the third quarter worth about $27,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the topic of several research reports. Mizuho set a $138.00 price target on Xylem in a research note on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. UBS Group upped their price objective on Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Oppenheimer dropped 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. Finally, JPMorgan Chase & Co. dropped their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.77.

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.