Xylem Inc. $XYL Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Xylem Inc. (NYSE:XYL) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,727 shares of the industrial products company’s stock after purchasing an additional 1,650 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Xylem were worth $4,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its holdings in shares of Xylem by 0.9% during the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock worth $1,102,000 after buying an additional 77 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in Xylem by 2.1% during the second quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 79 shares during the last quarter. Cidel Asset Management Inc. grew its stake in Xylem by 6.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,868 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 108 shares during the period. Harrington Investments INC raised its holdings in Xylem by 0.5% in the 2nd quarter. Harrington Investments INC now owns 21,962 shares of the industrial products company’s stock valued at $2,841,000 after acquiring an additional 120 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Xylem by 3.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,389 shares of the industrial products company’s stock valued at $405,000 after acquiring an additional 121 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. TD Cowen upped their price objective on shares of Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Mizuho set a $160.00 target price on shares of Xylem in a research report on Wednesday, October 29th. Finally, Robert W. Baird set a $178.00 target price on shares of Xylem in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.90.

Xylem Price Performance

XYL stock opened at $142.58 on Friday. The company has a market capitalization of $34.71 billion, a PE ratio of 36.65, a P/E/G ratio of 2.50 and a beta of 1.15. The stock’s 50 day moving average is $146.17 and its two-hundred day moving average is $136.91. The company has a quick ratio of 1.43, a current ratio of 1.96 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.22 billion. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the transaction, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. This represents a 25.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,121 shares of company stock worth $1,982,459. Corporate insiders own 0.27% of the company’s stock.

About Xylem

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.