Xylem Inc. $XYL Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 77,875 shares of the industrial products company’s stock after selling 6,691 shares during the period. Daiwa Securities Group Inc.’s holdings in Xylem were worth $10,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Knuff & Co LLC acquired a new stake in shares of Xylem during the 3rd quarter valued at $27,000. Board of the Pension Protection Fund acquired a new stake in shares of Xylem during the 4th quarter valued at $27,000. Wexford Capital LP acquired a new stake in shares of Xylem during the 3rd quarter valued at $27,000. Ramirez Asset Management Inc. lifted its position in shares of Xylem by 100.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. Finally, FWL Investment Management LLC acquired a new stake in shares of Xylem during the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

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

Xylem Price Performance

Shares of NYSE:XYL opened at $109.84 on Friday. The company’s fifty day moving average is $116.75 and its two-hundred day moving average is $128.41. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The company has a market cap of $26.11 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings results 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 $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business posted $1.03 earnings per share. Xylem’s revenue for the quarter was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts expect that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem declared that its board has authorized a share buyback program on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s dividend payout ratio is 42.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho set a $138.00 price objective on Xylem in a research report on Wednesday, February 11th. Oppenheimer cut their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Stifel Nicolaus cut their target price on shares of Xylem from $163.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their target price on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Seven 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

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.