Cerity Partners LLC Increases Stake in Xylem Inc. $XYL

Cerity Partners LLC increased its holdings in Xylem Inc. (NYSE:XYL) by 9.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,419 shares of the industrial products company’s stock after purchasing an additional 31,681 shares during the period. Cerity Partners LLC’s holdings in Xylem were worth $50,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of Xylem by 1.3% in the 4th quarter. LPL Financial LLC now owns 493,430 shares of the industrial products company’s stock valued at $67,195,000 after purchasing an additional 6,182 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Xylem by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,787,994 shares of the industrial products company’s stock valued at $243,489,000 after purchasing an additional 10,314 shares in the last quarter. CenterBook Partners LP boosted its position in Xylem by 58.0% during the 4th quarter. CenterBook Partners LP now owns 27,338 shares of the industrial products company’s stock valued at $3,723,000 after buying an additional 10,039 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Xylem during the 4th quarter valued at $45,000. Finally, Syon Capital LLC boosted its position in Xylem by 39.7% during the 4th quarter. Syon Capital LLC now owns 5,195 shares of the industrial products company’s stock valued at $707,000 after buying an additional 1,476 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. UBS Group increased their price target on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup dropped their price target on shares of Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Oppenheimer dropped their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Xylem Stock Down 3.2%

Shares of NYSE XYL opened at $107.34 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The firm has a market capitalization of $25.51 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04. The firm has a fifty day simple moving average of $116.24 and a two-hundred day simple moving average of $127.70.

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

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be issued 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 (DPR) is 42.79%.

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

Insider Activity

In other news, Director Jerome A. Peribere bought 1,210 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the purchase, the director directly owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at approximately $423,443.30. The trade was a 54.22% decrease in their position. The SEC filing for this sale provides additional information. Company 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.