Neuberger Berman Group LLC Sells 10,626 Shares of Xylem Inc. $XYL

Neuberger Berman Group LLC reduced its position in Xylem Inc. (NYSE:XYL) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 138,655 shares of the industrial products company’s stock after selling 10,626 shares during the period. Neuberger Berman Group LLC owned 0.06% of Xylem worth $17,936,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. National Pension Service grew its holdings in Xylem by 18.1% during the first quarter. National Pension Service now owns 356,906 shares of the industrial products company’s stock valued at $42,636,000 after purchasing an additional 54,648 shares during the period. Horizon Investments LLC grew its holdings in shares of Xylem by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,486 shares of the industrial products company’s stock valued at $416,000 after buying an additional 164 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Xylem by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,858,899 shares of the industrial products company’s stock valued at $222,049,000 after buying an additional 30,595 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in shares of Xylem during the 1st quarter valued at about $205,000. Finally, Boston Family Office LLC increased its stake in Xylem by 10.6% during the 1st quarter. Boston Family Office LLC now owns 86,887 shares of the industrial products company’s stock worth $10,380,000 after purchasing an additional 8,308 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Argus set a $170.00 target price on Xylem in a report on Wednesday, October 29th. Mizuho set a $160.00 price objective on Xylem in a report on Wednesday, October 29th. Zacks Research lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Barclays upped their price target on Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Robert W. Baird set a $178.00 price objective on shares of Xylem in a report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus target price of $167.40.

Xylem Trading Down 2.1%

Shares of Xylem stock opened at $137.09 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. The business has a fifty day simple moving average of $144.90 and a two-hundred day simple moving average of $139.04. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The company has a market capitalization of $33.38 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 2.13 and a beta of 1.18.

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

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th will be given a $0.40 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Insider Transactions at Xylem

In other Xylem news, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $152.64, for a total value of $1,590,661.44. Following the transaction, the executive vice president directly owned 31,250 shares of the company’s stock, valued at $4,770,000. This trade represents a 25.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the transaction, the director directly owned 16,875 shares in the company, valued at $2,499,862.50. This trade represents a 9.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by insiders.

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.