Artisan Partners Limited Partnership Has $437.75 Million Stock Position in Xylem Inc. $XYL

Artisan Partners Limited Partnership lowered its stake in Xylem Inc. (NYSE:XYL) by 12.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,214,458 shares of the industrial products company’s stock after selling 453,978 shares during the period. Artisan Partners Limited Partnership’s holdings in Xylem were worth $437,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Fisher Asset Management LLC boosted its holdings in shares of Xylem by 6.4% during the third quarter. Fisher Asset Management LLC now owns 404,613 shares of the industrial products company’s stock worth $59,681,000 after acquiring an additional 24,352 shares during the period. LGT Capital Partners LTD. boosted its holdings in shares of Xylem by 18.4% during the third quarter. LGT Capital Partners LTD. now owns 268,704 shares of the industrial products company’s stock worth $39,634,000 after acquiring an additional 41,730 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Xylem by 2,309.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock worth $54,314,000 after acquiring an additional 413,904 shares during the period. Abacus Wealth Partners LLC bought a new stake in shares of Xylem during the fourth quarter worth approximately $1,663,000. Finally, Callahan Advisors LLC bought a new stake in shares of Xylem during the fourth quarter worth approximately $1,721,000. Institutional investors own 87.96% of the company’s stock.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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. The trade was a 54.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the stock in a transaction on Monday, May 4th. The shares were purchased at an average price of $116.61 per share, with a total value of $141,098.10. Following the completion of the transaction, the director owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This represents a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Jefferies Financial Group restated a “hold” rating and set a $130.00 price objective (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. Citigroup reduced their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Oppenheimer reduced their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, UBS Group boosted their price objective on Xylem from $132.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Seven investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Trading Up 1.1%

Shares of XYL stock opened at $112.19 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.67 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04. The stock has a 50 day simple moving average of $115.39 and a 200 day simple moving average of $126.83. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts predict that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Xylem Announces Dividend

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

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.