Kovitz Investment Group Partners LLC Reduces Stock Position in Xylem Inc. $XYL

Kovitz Investment Group Partners LLC lessened its stake in Xylem Inc. (NYSE:XYL) by 30.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,868 shares of the industrial products company’s stock after selling 10,631 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Xylem were worth $3,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XYL. J. Stern & Co. LLP grew its holdings in Xylem by 12,326.6% in the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock valued at $6,189,132,000 after buying an additional 45,082,435 shares in the last quarter. Norges Bank purchased a new position in shares of Xylem during the 4th quarter worth $361,012,000. Schroder Investment Management Group raised its holdings in shares of Xylem by 2,055.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after acquiring an additional 1,137,342 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Xylem by 346.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock valued at $105,160,000 after acquiring an additional 553,152 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Xylem during the 2nd quarter valued at about $64,407,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE XYL opened at $111.44 on Friday. The stock has a fifty day simple moving average of $114.53 and a 200-day simple moving average of $126.30. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.49 billion, a PE ratio of 27.72, a P/E/G ratio of 1.59 and a beta of 1.04. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. Xylem’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts anticipate that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, May 28th. Xylem’s dividend payout ratio is currently 42.79%.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XYL shares. Stifel Nicolaus dropped their price objective on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company 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. JPMorgan Chase & Co. dropped their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Jefferies Financial Group restated a “hold” rating and set a $130.00 price target (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. Finally, TD Cowen reaffirmed a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Insider Buying and Selling

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

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.