Prudential PLC Sells 6,497 Shares of Xylem Inc. $XYL

Prudential PLC reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,680 shares of the industrial products company’s stock after selling 6,497 shares during the quarter. Prudential PLC’s holdings in Xylem were worth $15,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Knuff & Co LLC bought a new position in shares of Xylem during the 3rd quarter worth approximately $27,000. Wexford Capital LP bought a new position in shares of Xylem during the 3rd quarter worth approximately $27,000. Board of the Pension Protection Fund acquired a new stake in Xylem during the 4th quarter worth approximately $27,000. Ramirez Asset Management Inc. lifted its holdings in Xylem by 100.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Finally, FWL Investment Management LLC acquired a new stake in Xylem during the 2nd quarter worth approximately $43,000. 87.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

XYL has been the subject of several research reports. Citigroup dropped 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. UBS Group lifted their price objective on Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Monday, February 23rd. JPMorgan Chase & Co. dropped their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Robert W. Baird set a $161.00 price objective on Xylem in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $152.77.

Xylem Stock Performance

Xylem stock opened at $109.84 on Friday. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $116.75 and its two-hundred day moving average price is $128.41. The stock has a market cap of $26.11 billion, a PE ratio of 27.32, a P/E/G ratio of 1.57 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.Xylem’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, analysts expect that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem announced that its board has approved a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Xylem Dividend Announcement

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

Xylem Company Profile

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.