Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 36.0% in the first quarter, Holdings Channel.com reports. The fund owned 89,414 shares of the industrial products company’s stock after selling 50,264 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Xylem were worth $10,685,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Callahan Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter valued at $1,721,000. Northwestern Mutual Wealth Management Co. increased its stake in Xylem by 2,309.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock worth $54,314,000 after purchasing an additional 413,904 shares in the last quarter. Abacus Wealth Partners LLC purchased a new position in Xylem in the 4th quarter worth about $1,663,000. Norges Bank acquired a new stake in Xylem during the 4th quarter worth about $361,012,000. Finally, MUFG Securities EMEA plc lifted its stake in Xylem by 608.1% during the fourth quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock valued at $4,493,000 after buying an additional 28,331 shares in the last quarter. 87.96% of the stock is owned by institutional investors.
Insider Transactions at Xylem
In other Xylem news, CAO Geri-Michelle Mcshane sold 4,269 shares of the 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 sale, the chief accounting officer owned 3,605 shares in the company, valued at $423,443.30. This represents a 54.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.
Xylem Trading Up 0.3%
Xylem (NYSE:XYL – Get Free Report) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities research analysts forecast that Xylem Inc. will post 5.67 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 paid 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 is currently 40.95%.
Analyst Ratings Changes
Several brokerages have commented on XYL. Oppenheimer decreased their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Citigroup restated a “buy” rating on shares of Xylem in a report on Wednesday. CLSA upgraded shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their price objective on shares of Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Mizuho lifted their price objective on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Report on Xylem
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.
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