QRG Capital Management Inc. Grows Stock Position in Xylem Inc. $XYL

QRG Capital Management Inc. boosted its position in shares of Xylem Inc. (NYSE:XYL) by 216.5% in the first quarter, Holdings Channel.com reports. The firm owned 55,857 shares of the industrial products company’s stock after acquiring an additional 38,208 shares during the period. QRG Capital Management Inc.’s holdings in Xylem were worth $6,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callahan Advisors LLC bought a new stake in Xylem during the fourth quarter valued at about $1,721,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Xylem by 2,309.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock valued at $54,314,000 after purchasing an additional 413,904 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Xylem in the fourth quarter worth about $1,663,000. Boston Common Asset Management LLC lifted its position in shares of Xylem by 15.3% during the 4th quarter. Boston Common Asset Management LLC now owns 143,740 shares of the industrial products company’s stock worth $19,575,000 after purchasing an additional 19,073 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Xylem during the 4th quarter worth about $361,012,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.1%

Shares of XYL stock opened at $118.22 on Monday. The firm has a fifty day moving average of $112.66 and a 200-day moving average of $124.57. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 1.68 and a beta of 1.03. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Xylem’s quarterly revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, equities research analysts forecast that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, May 28th. Xylem’s dividend payout ratio (DPR) is presently 42.79%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of research analyst reports. UBS Group raised their target price on Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. CLSA upgraded Xylem to a “hold” rating in a report on Thursday, June 25th. Citigroup reduced their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Oppenheimer lowered their price objective on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their target price on shares of Xylem from $163.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price of $153.54.

Insider Activity

In related news, Director Jerome A. Peribere purchased 1,210 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 27,209 shares in the company, valued at approximately $3,172,841.49. This trade represents a 4.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction 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 sale, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at $423,443.30. This trade represents a 54.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

Xylem 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.