Duff & Phelps Investment Management Co. Increases Stake in Xylem Inc. $XYL

Duff & Phelps Investment Management Co. increased its stake in Xylem Inc. (NYSE:XYL) by 1.5% in the second quarter, Holdings Channel reports. The firm owned 392,284 shares of the industrial products company’s stock after purchasing an additional 5,694 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Xylem were worth $50,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Xylem by 689.5% during the first 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 during the period. Nuveen LLC purchased a new position in Xylem in the 1st quarter worth $99,726,000. Impax Asset Management Group plc raised its stake in Xylem by 13.7% in the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock worth $709,183,000 after acquiring an additional 663,191 shares during the last quarter. Tredje AP fonden lifted its position in Xylem by 2,441.5% during the 2nd quarter. Tredje AP fonden now owns 622,165 shares of the industrial products company’s stock worth $80,483,000 after acquiring an additional 597,685 shares during the period. Finally, Swedbank AB grew its stake in Xylem by 13.9% during the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock valued at $564,906,000 after purchasing an additional 531,890 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Claudia S. Toussaint sold 10,421 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the transaction, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the sale, the director directly owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,121 shares of company stock valued at $1,982,459 in the last 90 days. 0.27% of the stock is owned by insiders.

Xylem Price Performance

Shares of NYSE XYL opened at $142.58 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.96. The firm has a fifty day moving average of $146.17 and a 200 day moving average of $137.03. The firm has a market cap of $34.71 billion, a PE ratio of 36.65, a PEG ratio of 2.50 and a beta of 1.15. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XYL. Cowen restated a “hold” rating on shares of Xylem in a research note on Tuesday, August 26th. Citigroup raised 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, October 29th. Mizuho set a $160.00 price objective on shares of Xylem in a report on Wednesday, October 29th. TD Cowen increased their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. 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 research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $166.90.

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.