Mountain Pacific Investment Advisers LLC Decreases Stock Position in Xylem Inc. $XYL

Mountain Pacific Investment Advisers LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 56.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,919 shares of the industrial products company’s stock after selling 174,996 shares during the quarter. Xylem makes up about 3.1% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 7th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Xylem were worth $20,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of XYL. AQR Capital Management LLC increased its stake in shares of Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after buying an additional 3,900 shares in the last quarter. NewEdge Advisors LLC increased its position in Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 132 shares in the last quarter. Empowered Funds LLC increased its position in Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 3,120 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Xylem by 11.5% in the second quarter. Farther Finance Advisors LLC now owns 2,004 shares of the industrial products company’s stock worth $259,000 after acquiring an additional 207 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Xylem during the second quarter worth approximately $378,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Wall Street Zen downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Royal Bank Of Canada raised 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. Mizuho lowered their price objective on Xylem from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 5th. Finally, Citigroup raised their target price on shares of Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.80.

Insider Buying and Selling at Xylem

In other news, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the sale, the executive vice president owned 31,250 shares of the company’s stock, valued at $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the transaction, the director owned 16,875 shares in the company, valued at $2,499,862.50. This trade represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $141.69 on Thursday. The firm’s 50 day simple moving average is $139.78 and its 200 day simple moving average is $141.39. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The company has a market capitalization of $34.50 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 1.96 and a beta of 1.17. 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 (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s dividend payout ratio is currently 41.13%.

About Xylem

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.