Xylem Inc. $XYL Shares Purchased by Burney Co.

Burney Co. raised its stake in Xylem Inc. (NYSE:XYL) by 220.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,574 shares of the industrial products company’s stock after acquiring an additional 12,779 shares during the quarter. Burney Co.’s holdings in Xylem were worth $2,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of XYL. SWS Partners lifted its position in Xylem by 1.4% during the 3rd quarter. SWS Partners now owns 7,320 shares of the industrial products company’s stock worth $1,080,000 after acquiring an additional 99 shares in the last quarter. HBK Sorce Advisory LLC acquired a new position in shares of Xylem in the third quarter worth about $207,000. Covea Finance raised its position in shares of Xylem by 25.5% in the 3rd quarter. Covea Finance now owns 231,547 shares of the industrial products company’s stock valued at $34,153,000 after purchasing an additional 47,000 shares in the last quarter. Trium Capital LLP grew its position in shares of Xylem by 53.2% in the 3rd quarter. Trium Capital LLP now owns 11,913 shares of the industrial products company’s stock worth $1,757,000 after acquiring an additional 4,137 shares in the last quarter. Finally, CWM LLC boosted its holdings in Xylem by 4.8% in the third quarter. CWM LLC now owns 10,465 shares of the industrial products company’s stock worth $1,544,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Activity at Xylem

In other news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claudia S. Toussaint sold 10,421 shares of the business’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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XYL shares. Barclays increased their price objective on shares of Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a research report on Saturday. Argus set a $170.00 price objective on Xylem in a research report on Wednesday, October 29th. Mizuho set a $160.00 target price on Xylem in a research report on Wednesday, October 29th. Finally, Robert W. Baird set a $178.00 target price on Xylem in a research note on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.40.

Xylem Stock Up 0.1%

Shares of Xylem stock opened at $138.84 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The business’s fifty day moving average price is $143.20 and its two-hundred day moving average price is $139.85. The company has a market capitalization of $33.80 billion, a P/E ratio of 35.69, a PEG ratio of 2.15 and a beta of 1.18.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 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 company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $1.11 earnings per share. The company’s quarterly 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, research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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

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.