Pinnacle Associates Ltd. Has $40.67 Million Stock Position in Xylem Inc. $XYL

Pinnacle Associates Ltd. decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,381 shares of the industrial products company’s stock after selling 68,185 shares during the period. Pinnacle Associates Ltd. owned 0.13% of Xylem worth $40,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XYL. Price T Rowe Associates Inc. MD lifted its position in 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 in the last quarter. Nuveen LLC acquired a new position in Xylem during the 1st quarter worth about $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Xylem by 390.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock worth $122,009,000 after buying an additional 813,100 shares in the last quarter. Swedbank AB lifted its position in 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Xylem by 46.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,363,453 shares of the industrial products company’s stock worth $162,878,000 after buying an additional 434,614 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XYL. Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. TD Cowen lifted their price target on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Citigroup lifted their price target on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird set a $178.00 price target on shares of Xylem in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.20.

Xylem Stock Performance

Shares of NYSE:XYL opened at $151.52 on Friday. The company has a market capitalization of $36.89 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 2.50 and a beta of 1.13. The firm’s 50 day simple moving average is $144.59 and its 200 day simple moving average is $133.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.43. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is currently 41.13%.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.