Commonwealth Equity Services LLC Trims Holdings in Xylem Inc. $XYL

Commonwealth Equity Services LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,967 shares of the industrial products company’s stock after selling 6,872 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Xylem were worth $10,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC raised its position in Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after purchasing an additional 3,900 shares during the period. NewEdge Advisors LLC increased its position in shares of Xylem by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares during the last quarter. Empowered Funds LLC raised its holdings in Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after buying an additional 3,120 shares during the period. Focus Partners Wealth lifted its position in Xylem by 217.4% in the first quarter. Focus Partners Wealth now owns 59,608 shares of the industrial products company’s stock valued at $7,121,000 after buying an additional 40,827 shares during the last quarter. Finally, Strs Ohio purchased a new position in Xylem during the first quarter worth about $10,781,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XYL shares. Cowen restated a “hold” rating on shares of Xylem in a report on Friday, December 5th. Stifel Nicolaus boosted their target price on Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. TD Cowen raised their price target on Xylem from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Royal Bank Of Canada lifted their price objective on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, UBS Group increased their target price on Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.80.

Xylem Stock Performance

NYSE:XYL opened at $139.62 on Monday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The company has a fifty day simple moving average of $141.08 and a two-hundred day simple moving average of $140.82. The company has a quick ratio of 1.50, a current ratio of 1.96 and a debt-to-equity ratio of 0.17. The company has a market cap of $33.99 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business posted $1.11 earnings per share. Xylem’s revenue 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, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Insider Transactions at Xylem

In related news, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the sale, the director owned 16,875 shares in the company, valued at $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 31,250 shares of the company’s stock, valued at $4,770,000. This represents a 25.01% 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 Company 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.