Perpetual Ltd Trims Stock Holdings in Xylem Inc. $XYL

Perpetual Ltd reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 14.6% in the third quarter, Holdings Channel.com reports. The fund owned 124,176 shares of the industrial products company’s stock after selling 21,239 shares during the quarter. Perpetual Ltd’s holdings in Xylem were worth $18,316,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Maseco LLP purchased a new stake in shares of Xylem during the second quarter valued at $31,000. ST Germain D J Co. Inc. increased its stake in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after buying an additional 228 shares during the period. Signature Resources Capital Management LLC bought a new stake in Xylem during the 2nd quarter valued at about $39,000. Caldwell Trust Co bought a new position in Xylem in the 2nd quarter worth about $41,000. Finally, FWL Investment Management LLC purchased a new position in shares of Xylem during the second quarter worth approximately $43,000. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 1.0%

NYSE:XYL opened at $138.04 on Friday. The company has a market capitalization of $33.61 billion, a P/E ratio of 35.49, a PEG ratio of 2.12 and a beta of 1.18. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The firm has a fifty day simple moving average of $143.90 and a 200-day simple moving average of $139.36.

Xylem (NYSE:XYL) last issued its quarterly earnings results 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. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company earned $1.11 EPS. Xylem’s quarterly revenue was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Xylem’s dividend payout ratio is 41.13%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XYL. UBS Group increased their price target on Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Argus set a $170.00 target price on shares of Xylem in a report on Wednesday, October 29th. Mizuho set a $160.00 target price on shares of Xylem in a research report on Wednesday, October 29th. Robert W. Baird set a $178.00 price target on shares of Xylem in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.40.

Insiders Place Their Bets

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 directly owned 31,250 shares in the company, valued at $4,770,000. This trade represents a 25.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% 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.