Elefante Mark B Buys 404 Shares of Xylem Inc. $XYL

Elefante Mark B lifted its holdings in Xylem Inc. (NYSE:XYL) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,514 shares of the industrial products company’s stock after purchasing an additional 404 shares during the quarter. Xylem comprises 2.4% of Elefante Mark B’s holdings, making the stock its 21st biggest position. Elefante Mark B’s holdings in Xylem were worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Delaney Dennis R grew its position in shares of Xylem by 2.4% in the 2nd quarter. Delaney Dennis R now owns 31,672 shares of the industrial products company’s stock valued at $4,097,000 after purchasing an additional 750 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Xylem by 6.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 316,485 shares of the industrial products company’s stock valued at $40,940,000 after purchasing an additional 20,077 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Xylem by 39.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 101,554 shares of the industrial products company’s stock valued at $13,304,000 after purchasing an additional 28,889 shares during the period. CWM LLC grew its position in shares of Xylem by 15.7% in the 2nd quarter. CWM LLC now owns 9,988 shares of the industrial products company’s stock valued at $1,292,000 after purchasing an additional 1,353 shares during the period. Finally, OFI Invest Asset Management grew its position in shares of Xylem by 3.9% in the 2nd quarter. OFI Invest Asset Management now owns 228,866 shares of the industrial products company’s stock valued at $29,606,000 after purchasing an additional 8,586 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer owned 2,957 shares of the company’s stock, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Xylem Trading Up 1.2%

NYSE XYL opened at $146.02 on Tuesday. The company has a market cap of $35.54 billion, a PE ratio of 37.93, a PEG ratio of 2.49 and a beta of 1.13. The company has a current ratio of 1.90, a quick ratio of 1.43 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 $151.16. The stock has a 50 day moving average of $143.12 and a 200-day moving average of $130.64.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities research analysts anticipate 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 was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s dividend payout ratio is presently 41.56%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research analyst reports. Citigroup boosted their price objective on Xylem from $168.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a research report on Wednesday, October 8th. Mizuho upped their price target on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Barclays began coverage on Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 price target for the company. Finally, TD Cowen upped their price target on Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Xylem Company 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.