Renaissance Technologies LLC Has $94.62 Million Holdings in Xylem Inc. $XYL

Renaissance Technologies LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 120.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 791,771 shares of the industrial products company’s stock after purchasing an additional 432,400 shares during the period. Renaissance Technologies LLC’s holdings in Xylem were worth $94,617,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XYL. Orion Porfolio Solutions LLC boosted its position in shares of Xylem by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock valued at $1,151,000 after buying an additional 74 shares during the last quarter. Quest Investment Management LLC lifted its stake in Xylem by 1.0% during the 3rd quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock valued at $1,119,000 after acquiring an additional 77 shares in the last quarter. SWS Partners lifted its stake in Xylem by 1.1% during the 4th quarter. SWS Partners now owns 7,402 shares of the industrial products company’s stock valued at $1,008,000 after acquiring an additional 82 shares in the last quarter. Notis McConarty Edward boosted its holdings in Xylem by 0.3% during the 4th quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company’s stock worth $4,314,000 after acquiring an additional 86 shares during the last quarter. Finally, Moneco Advisors LLC boosted its holdings in Xylem by 4.6% during the 4th quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

XYL opened at $119.66 on Friday. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The firm has a 50-day moving average of $114.04 and a 200 day moving average of $122.82. 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 firm has a market cap of $28.44 billion, a P/E ratio of 29.77, a PEG ratio of 1.70 and a beta of 1.03.

Xylem (NYSE:XYL) last announced its quarterly earnings data 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. The business 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%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts expect that Xylem Inc. will post 5.52 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. Xylem’s dividend payout ratio (DPR) is presently 42.79%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup lowered their target price on shares of Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Oppenheimer reduced their price objective on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Xylem from $157.00 to $159.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus cut their target price on Xylem from $159.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.15.

Insider Buying and Selling

In related news, Director Jerome A. Peribere purchased 1,210 shares of the stock in a transaction that occurred on 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 acquisition, the director owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This trade represents a 4.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. The trade was a 54.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.