Xylem Inc. $XYL Shares Acquired by Burney Co.

Burney Co. increased its holdings in Xylem Inc. (NYSE:XYL) by 220.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,574 shares of the industrial products company’s stock after buying an additional 12,779 shares during the period. Burney Co.’s holdings in Xylem were worth $2,740,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock valued at $3,841,711,000 after purchasing an additional 691,285 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Xylem by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock worth $791,029,000 after purchasing an additional 136,605 shares during the last quarter. Amundi lifted its stake in Xylem by 17.0% in the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after buying an additional 830,337 shares in the last quarter. Impax Asset Management Group plc grew its holdings 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 buying an additional 663,191 shares during the last quarter. Finally, Swedbank AB grew its holdings in Xylem by 19.0% during the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after buying an additional 830,821 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 0.1%

Shares of XYL stock opened at $138.84 on Friday. The firm’s 50-day simple moving average is $143.20 and its 200-day simple moving average is $139.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The firm has a market cap of $33.80 billion, a P/E ratio of 35.69, a PEG ratio of 2.15 and a beta of 1.18.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is 41.13%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Xylem from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Citigroup boosted their target price on shares of Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho set a $160.00 target price on shares of Xylem in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their price target on shares of Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Robert W. Baird set a $178.00 price objective on shares of Xylem in a research note on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

Insider Transactions at Xylem

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

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.