QRG Capital Management Inc. Trims Stock Position in Xylem Inc. $XYL

QRG Capital Management Inc. lessened its position in shares of Xylem Inc. (NYSE:XYL) by 36.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,614 shares of the industrial products company’s stock after selling 9,408 shares during the period. QRG Capital Management Inc.’s holdings in Xylem were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after buying an additional 3,900 shares in the last quarter. NewEdge Advisors LLC increased its stake in Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 132 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of 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 acquiring an additional 3,120 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Xylem by 1.3% in the 2nd quarter. Diversified Trust Co now owns 13,641 shares of the industrial products company’s stock valued at $1,765,000 after acquiring an additional 176 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Xylem by 11.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,004 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 207 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Insider Transactions at Xylem

In related news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated 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 directly owned 16,875 shares in the company, valued at $2,499,862.50. This represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total value of $1,590,661.44. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Xylem Trading Up 1.1%

XYL stock opened at $146.38 on Tuesday. The company has a market capitalization of $35.64 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.07 and a beta of 1.17. 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 one year low of $100.47 and a one year high of $154.27. The company’s 50 day moving average price is $140.16 and its two-hundred day moving average price is $141.34.

Xylem (NYSE:XYL) last released its 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. The company had revenue of $2.27 billion for 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%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 EPS. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s payout ratio is 41.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Mizuho lowered their price objective on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Argus set a $170.00 price objective on shares of Xylem in a report on Wednesday, October 29th. Finally, Stifel Nicolaus increased their target price on Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.80.

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.