Edgestream Partners L.P. Buys Shares of 10,331 Xylem Inc. $XYL

Edgestream Partners L.P. purchased a new position in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,331 shares of the industrial products company’s stock, valued at approximately $1,336,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in XYL. AFG Fiduciary Services Limited Partnership bought a new position in shares of Xylem during the second quarter valued at $275,000. IFM Investors Pty Ltd increased its stake in Xylem by 11.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock valued at $6,995,000 after purchasing an additional 5,617 shares in the last quarter. Impax Asset Management Group plc increased its stake in Xylem by 13.7% during the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock valued at $709,183,000 after purchasing an additional 663,191 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Xylem in the second quarter worth about $20,361,000. Finally, Nordea Investment Management AB lifted its stake in shares of Xylem by 10.9% in the second quarter. Nordea Investment Management AB now owns 29,826 shares of the industrial products company’s stock worth $3,830,000 after buying an additional 2,926 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Claudia S. Toussaint sold 10,421 shares of Xylem stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the transaction, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the sale, the director directly owned 16,875 shares of the company’s stock, valued at $2,499,862.50. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.27% of the company’s stock.

Xylem Stock Down 1.3%

XYL stock opened at $139.01 on Friday. The company has a market cap of $33.85 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. The business’s 50-day moving average is $145.86 and its two-hundred day moving average is $138.51. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is currently 41.13%.

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Robert W. Baird set a $178.00 target price on Xylem in a research note on Wednesday, October 29th. Argus set a $170.00 price target on Xylem in a research note on Wednesday, October 29th. Mizuho set a $160.00 price target on Xylem in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price objective on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.