Peregrine Capital Management LLC Sells 3,092 Shares of Xylem Inc. $XYL

Peregrine Capital Management LLC lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 30.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,046 shares of the industrial products company’s stock after selling 3,092 shares during the period. Peregrine Capital Management LLC’s holdings in Xylem were worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XYL. GAMMA Investing LLC raised its stake in shares of Xylem by 29.1% during the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company’s stock valued at $507,000 after acquiring an additional 956 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Xylem by 11.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,704 shares of the industrial products company’s stock valued at $4,026,000 after acquiring an additional 3,520 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Xylem by 468.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 72,665 shares of the industrial products company’s stock valued at $8,711,000 after acquiring an additional 59,888 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Xylem by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,633 shares of the industrial products company’s stock valued at $67,332,000 after acquiring an additional 4,116 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Xylem by 1.2% during the first quarter. Amalgamated Bank now owns 47,270 shares of the industrial products company’s stock valued at $5,647,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.8%

XYL opened at $150.58 on Wednesday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $153.06. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $144.14 and a 200-day moving average of $133.49. The stock has a market cap of $36.65 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping 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 net margin of 10.74% and a return on equity of 10.33%. Xylem’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is presently 41.56%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Mizuho increased their price objective on shares of Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Finally, Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given 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 a consensus price target of $154.67.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were 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 directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Xylem 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.