GRIMES & Co WEALTH MANAGEMENT LLC Sells 10,176 Shares of Xylem Inc. $XYL

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its holdings in Xylem Inc. (NYSE:XYL) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,443 shares of the industrial products company’s stock after selling 10,176 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Xylem were worth $9,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Xylem by 14.4% during 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 buying an additional 3,900 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Xylem by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 132 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 3,120 shares during the period. Modern Wealth Management LLC purchased a new stake in Xylem in the first quarter worth $442,000. Finally, Voya Investment Management LLC lifted its position in shares of Xylem by 35.0% during the first quarter. Voya Investment Management LLC now owns 135,903 shares of the industrial products company’s stock worth $16,235,000 after purchasing an additional 35,232 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Insider Transactions at Xylem

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the sale, the director directly owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claudia S. Toussaint sold 10,421 shares of Xylem stock in a transaction that occurred 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 completion of 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 position. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $138.99 on Tuesday. The company has a market cap of $33.84 billion, a PE ratio of 35.73, a P/E/G ratio of 1.98 and a beta of 1.17. The firm’s 50 day moving average price is $140.87 and its 200-day moving average price is $140.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping 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 company 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 business earned $1.11 earnings per share. Xylem’s revenue was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on XYL shares. Royal Bank Of Canada upped 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. TD Cowen upped their target price on shares of Xylem from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Robert W. Baird set a $178.00 price target on shares of Xylem in a research note on Wednesday, October 29th. Argus set a $170.00 price target on Xylem in a report on Wednesday, October 29th. Finally, Mizuho reduced their price objective on Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.80.

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.