Welch & Forbes LLC Has $49.33 Million Position in Xylem Inc. $XYL

Welch & Forbes LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 381,335 shares of the industrial products company’s stock after acquiring an additional 12,513 shares during the quarter. Welch & Forbes LLC’s holdings in Xylem were worth $49,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Xylem by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company’s stock worth $3,465,122,000 after buying an additional 362,127 shares in the last quarter. Swedbank AB lifted its position in shares of Xylem by 13.9% during the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after buying an additional 531,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Xylem by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company’s stock worth $480,767,000 after buying an additional 274,123 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Xylem by 689.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock worth $443,074,000 after buying an additional 3,239,203 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Xylem by 2.9% during the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company’s stock worth $401,743,000 after buying an additional 94,560 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 0.3%

NYSE XYL opened at $151.00 on Friday. The stock has a fifty day moving average of $144.74 and a 200-day moving average of $134.38. The stock has a market capitalization of $36.76 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.96.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were paid 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 (DPR) is 41.13%.

Insider Buying and Selling at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudia S. Toussaint sold 10,421 shares of Xylem stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total value of $1,590,661.44. Following the sale, the executive vice president directly owned 31,250 shares of the company’s stock, valued at approximately $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on XYL. Mizuho set a $160.00 target price on Xylem in a research report on Wednesday. Barclays upped their price objective on shares of Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada lifted their price objective on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $166.20.

About Xylem

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.