CI Investments Inc. Sells 9,397 Shares of Xylem Inc. $XYL

CI Investments Inc. trimmed its position in Xylem Inc. (NYSE:XYL) by 7.2% in the 1st quarter, Holdings Channel reports. The firm owned 121,748 shares of the industrial products company’s stock after selling 9,397 shares during the quarter. CI Investments Inc.’s holdings in Xylem were worth $14,549,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XYL. First Trust Advisors LP grew its position in Xylem by 2.9% during the first quarter. First Trust Advisors LP now owns 678,971 shares of the industrial products company’s stock worth $81,137,000 after buying an additional 18,933 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab grew its holdings in shares of Xylem by 4.0% during the first quarter. Danica Pension Livsforsikringsaktieselskab now owns 102,670 shares of the industrial products company’s stock worth $12,269,000 after purchasing an additional 3,910 shares in the last quarter. ABN Amro Investment Solutions increased its position in shares of Xylem by 53.1% in the first quarter. ABN Amro Investment Solutions now owns 370,627 shares of the industrial products company’s stock worth $44,290,000 after purchasing an additional 128,480 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Xylem in the first quarter valued at approximately $380,000. Finally, Andra AP fonden purchased a new stake in Xylem in the first quarter valued at approximately $9,666,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Xylem

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction on Thursday, May 7th. The shares were 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 in the company, valued at $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was bought at an average price of $116.61 per share, with a total value of $141,098.10. Following the completion of the acquisition, the director directly owned 27,209 shares in the company, valued at approximately $3,172,841.49. This represents a 4.65% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XYL. Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Oppenheimer cut 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. CLSA upgraded Xylem to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. reduced their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Barclays decreased their price target on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Eight 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, the company has a consensus rating of “Moderate Buy” and an average target price of $153.15.

Xylem Trading Down 0.7%

NYSE:XYL opened at $116.13 on Thursday. The firm has a market capitalization of $27.60 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.67 and a beta of 1.03. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $113.65 and a 200 day moving average of $122.98. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts predict that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s dividend payout ratio (DPR) is 42.79%.

Xylem 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.