Edgestream Partners L.P. Invests $1.34 Million in Xylem Inc. $XYL

Edgestream Partners L.P. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, Holdings Channel reports. The fund acquired 10,331 shares of the industrial products company’s stock, valued at approximately $1,336,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Xylem by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock worth $3,841,711,000 after buying an additional 691,285 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Xylem by 2.3% in the second quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock worth $791,029,000 after acquiring an additional 136,605 shares during the period. Impax Asset Management Group plc grew its position in shares of Xylem by 13.7% during the second quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock worth $709,183,000 after purchasing an additional 663,191 shares in the last quarter. Swedbank AB grew its position in shares of Xylem by 13.9% during the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after purchasing an additional 531,890 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Xylem by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company’s stock valued at $480,767,000 after purchasing an additional 274,123 shares during the period. Institutional investors own 87.96% of the company’s stock.

Insider Transactions at Xylem

In related news, EVP Claudia S. Toussaint sold 10,421 shares of Xylem stock in a transaction dated 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 directly owned 31,250 shares of the company’s stock, valued at approximately $4,770,000. The trade was a 25.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 Price Performance

NYSE:XYL opened at $139.01 on Friday. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 2.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. The business has a 50 day simple moving average of $145.86 and a 200-day simple moving average of $138.51. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share 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 return on equity of 10.77% and a net margin of 10.66%.Xylem’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. 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 will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is 41.13%.

Analyst Ratings Changes

Several research firms have weighed in on XYL. Barclays upped their price target on Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Argus set a $170.00 target price on shares of Xylem in a report on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Xylem in a research note on Friday. TD Cowen lifted their price target on shares of Xylem from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday. Finally, Robert W. Baird set a $178.00 price target on shares of Xylem in a research note on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.40.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.