Harrington Investments INC Buys 120 Shares of Xylem Inc. $XYL

Harrington Investments INC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,962 shares of the industrial products company’s stock after purchasing an additional 120 shares during the quarter. Xylem comprises 1.5% of Harrington Investments INC’s portfolio, making the stock its 20th biggest holding. Harrington Investments INC’s holdings in Xylem were worth $2,841,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Xylem by 689.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock worth $443,074,000 after purchasing an additional 3,239,203 shares in the last quarter. Nuveen LLC bought a new stake in Xylem in the 1st quarter worth approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock worth $122,009,000 after acquiring an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Xylem in the first quarter valued at $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Xylem during the fourth quarter valued at $83,139,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Up 0.5%

Shares of NYSE XYL opened at $142.83 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The stock has a market capitalization of $34.77 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The business has a fifty day moving average price of $139.24 and a 200 day moving average price of $128.04.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem’s dividend payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. TD Cowen lifted their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. Barclays started coverage on shares of Xylem in a research note on Friday. They issued an “overweight” rating and a $165.00 price objective for the company. Mizuho lifted their target price on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Finally, Wall Street Zen upgraded Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.33.

Insider Buying and Selling at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.27% of the stock is owned by company insiders.

Xylem Profile

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.