Campbell & CO Investment Adviser LLC purchased a new position in Xylem Inc. (NYSE:XYL – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 54,853 shares of the industrial products company’s stock, valued at approximately $7,096,000. Xylem accounts for about 0.4% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 14th largest holding.
Other large investors have also made changes to their positions in the company. AFG Fiduciary Services Limited Partnership bought a new stake in Xylem during the second quarter worth about $275,000. IFM Investors Pty Ltd boosted its holdings in shares of Xylem by 11.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock worth $6,995,000 after acquiring an additional 5,617 shares in the last quarter. BROOKFIELD Corp ON grew its position in Xylem by 26.5% during the 1st quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock worth $1,956,000 after acquiring an additional 3,430 shares during the last quarter. Nordea Investment Management AB increased its holdings in Xylem by 10.9% during the 2nd quarter. Nordea Investment Management AB now owns 29,826 shares of the industrial products company’s stock valued at $3,830,000 after purchasing an additional 2,926 shares in the last quarter. Finally, Boston Family Office LLC raised its position in Xylem by 10.6% in the 1st quarter. Boston Family Office LLC now owns 86,887 shares of the industrial products company’s stock valued at $10,380,000 after purchasing an additional 8,308 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Mizuho set a $160.00 target price on Xylem in a research note on Wednesday, October 29th. UBS Group increased their price objective on shares of Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday. Barclays boosted their target price on shares of Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Cowen restated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $166.90.
Xylem Stock Up 0.6%
Shares of NYSE XYL opened at $151.27 on Friday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The firm’s 50-day moving average is $145.43 and its 200-day moving average is $135.79. The company has a current ratio of 1.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $36.83 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15.
Xylem (NYSE:XYL – Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business posted $1.11 earnings per share. Xylem’s 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. Equities analysts expect 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. Stockholders of record on Thursday, August 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend 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
In related news, EVP Claudia S. Toussaint sold 10,421 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $152.64, for a total value of $1,590,661.44. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value 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. The trade was a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,121 shares of company stock valued at $1,982,459 over the last three months. Company insiders own 0.27% of the company’s stock.
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.
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