7,026 Shares in Xylem Inc. $XYL Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,026 shares of the industrial products company’s stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its holdings in Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. First Horizon Corp acquired a new position in Xylem during the 3rd quarter valued at about $30,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Xylem in the 3rd quarter valued at about $34,000. ST Germain D J Co. Inc. grew its position in shares of Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after buying an additional 228 shares during the period. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Xylem during the second quarter worth approximately $39,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 1.3%

NYSE:XYL opened at $141.06 on Friday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The stock has a 50-day moving average price of $139.66 and a two-hundred day moving average price of $141.54. The stock has a market cap of $34.34 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.00 and a beta of 1.17. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS 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 for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $1.11 earnings per share. Xylem’s 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, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, November 25th. Xylem’s dividend payout ratio is 41.13%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho lowered their target price on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 5th. Citigroup upped their price objective on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Zacks Research lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. TD Cowen restated a “hold” rating on shares of Xylem in a report on Friday, December 5th. Finally, UBS Group upped their price target on Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.80.

Insider Buying and Selling at Xylem

In related news, Director Victoria D. Harker sold 1,700 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,590,661.44. Following the completion of the sale, the executive vice president directly owned 31,250 shares in the company, valued at $4,770,000. This represents a 25.01% decrease in their position. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by corporate insiders.

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.