Sterling Capital Management LLC Decreases Stock Position in Xylem Inc. $XYL

Sterling Capital Management LLC trimmed its stake in shares of Xylem Inc. (NYSE:XYL) by 43.2% in the 1st quarter, HoldingsChannel reports. The firm owned 8,197 shares of the industrial products company’s stock after selling 6,230 shares during the period. Sterling Capital Management LLC’s holdings in Xylem were worth $980,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Knuff & Co LLC purchased a new position in shares of Xylem in the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund purchased a new stake in shares of Xylem during the fourth quarter worth approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem during the fourth quarter worth approximately $27,000. Wexford Capital LP acquired a new stake in Xylem in the third quarter valued at approximately $27,000. Finally, Ramirez Asset Management Inc. lifted its stake in Xylem by 100.0% in the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Oppenheimer dropped their price objective on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, June 25th. Stifel Nicolaus lowered their target price on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. CLSA raised Xylem to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings cut Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.54.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $423,443.30. The trade was a 54.22% decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, with a total value of $141,098.10. Following the completion of the transaction, the director 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 insiders.

Xylem Trading Up 1.3%

Shares of Xylem stock opened at $118.23 on Wednesday. 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 company has a fifty day simple moving average of $112.82 and a 200-day simple moving average of $125.00. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.66 and a beta of 1.04. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business earned $1.03 EPS. Xylem’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. On average, equities analysts forecast that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. Xylem’s payout ratio is 42.79%.

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.