Flputnam Investment Management Co. Increases Stock Position in Xylem Inc. $XYL

Flputnam Investment Management Co. lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,665 shares of the industrial products company’s stock after acquiring an additional 12,639 shares during the period. Flputnam Investment Management Co.’s holdings in Xylem were worth $6,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XYL. AQR Capital Management LLC grew its position in shares of Xylem by 14.4% during the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after acquiring an additional 3,900 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Xylem by 3.3% during the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 132 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Xylem by 56.1% during the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 3,120 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Xylem by 97.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 11,151 shares of the industrial products company’s stock worth $1,442,000 after purchasing an additional 5,509 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Xylem by 114.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,192 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 635 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $130.00 price target (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. Stifel Nicolaus decreased their price target on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Citigroup decreased their price target on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Xylem Price Performance

Shares of NYSE XYL opened at $110.11 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The stock has a fifty day moving average price of $118.30 and a 200 day moving average price of $130.20. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The company has a market cap of $26.17 billion, a PE ratio of 27.39, a P/E/G ratio of 1.58 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. The firm 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%.Xylem’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Sell-side analysts forecast that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be given a $0.43 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem’s dividend payout ratio is presently 42.79%.

Xylem declared that its board has initiated a stock buyback program on Wednesday, February 25th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the industrial products company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. This represents a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the business’s stock in a transaction on Monday, May 4th. The stock was acquired at an average price of $116.61 per share, with a total value of $141,098.10. Following the transaction, the director directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This represents a 4.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

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.