Voya Investment Management LLC Purchases 733,860 Shares of Xylem Inc. $XYL

Voya Investment Management LLC raised its position in shares of Xylem Inc. (NYSE:XYL) by 544.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 868,755 shares of the industrial products company’s stock after purchasing an additional 733,860 shares during the quarter. Voya Investment Management LLC owned 0.36% of Xylem worth $128,141,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Maseco LLP bought a new position in shares of Xylem during the second quarter valued at $31,000. ST Germain D J Co. Inc. raised its position in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after buying an additional 228 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in Xylem during the 2nd quarter valued at about $39,000. Caldwell Trust Co purchased a new stake in shares of Xylem during the 2nd quarter valued at about $41,000. Finally, FWL Investment Management LLC bought a new stake in shares of Xylem in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on XYL. Robert W. Baird set a $178.00 target price on shares of Xylem in a report on Wednesday, October 29th. Barclays raised their price target on Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Stifel Nicolaus upped their price objective on Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup increased their target price on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Argus set a $170.00 price target on Xylem in a research note on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.40.

Xylem Trading Up 1.0%

Shares of NYSE:XYL opened at $138.04 on Friday. The stock has a 50 day moving average of $143.90 and a 200 day moving average of $139.36. The company has a market cap of $33.61 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.60 annualized dividend and a yield of 1.2%. Xylem’s dividend payout ratio is currently 41.13%.

Insider Buying and Selling at Xylem

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the sale, the director owned 16,875 shares in the company, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. This represents a 25.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

About Xylem

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.