38,075 Shares in Xylem Inc. $XYL Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in shares of Xylem Inc. (NYSE:XYL) during the 1st quarter, Holdings Channel reports. The institutional investor bought 38,075 shares of the industrial products company’s stock, valued at approximately $4,550,000.

Several other institutional investors have also added to or reduced their stakes in XYL. J. Stern & Co. LLP grew its stake in shares of Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after acquiring an additional 45,082,435 shares during the last quarter. Norges Bank purchased a new position in shares of Xylem in the 4th quarter valued at approximately $361,012,000. Schroder Investment Management Group boosted its stake in Xylem by 2,055.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after purchasing an additional 1,137,342 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Xylem by 346.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock worth $105,160,000 after purchasing an additional 553,152 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Xylem during the 2nd quarter worth approximately $64,407,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on XYL. Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and raised their price target for the stock from $130.00 to $140.00 in a report on Thursday. Stifel Nicolaus reduced their target price on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citigroup dropped their price target on Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. CLSA upgraded Xylem to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.54.

Xylem Stock Down 0.3%

XYL stock opened at $116.60 on Friday. The firm has a market cap of $27.71 billion, a PE ratio of 29.00, a P/E/G ratio of 1.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. The firm’s fifty day moving average is $113.05 and its 200 day moving average is $125.38. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts forecast that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, May 28th. Xylem’s payout ratio is currently 42.79%.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the transaction, the chief accounting officer owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. This represents a 54.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jerome A. Peribere purchased 1,210 shares of the stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the transaction, the director directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This represents a 4.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.32% of the company’s stock.

About Xylem

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.