Global Retirement Partners LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Posted by Defense World Staff on Aug 10th, 2023

Global Retirement Partners LLC increased its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 105.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,118 shares of the industrial products company’s stock after buying an additional 1,086 shares during the quarter. Global Retirement Partners LLC’s holdings in Xylem were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perpetual Ltd purchased a new position in Xylem during the first quarter worth about $23,593,000. Bellwether Advisors LLC purchased a new position in Xylem in the first quarter worth approximately $584,000. MQS Management LLC acquired a new stake in Xylem during the first quarter worth $298,000. Commerce Bank raised its position in Xylem by 10.5% in the first quarter. Commerce Bank now owns 9,688 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 920 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Xylem by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,978 shares of the industrial products company’s stock valued at $1,463,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.63% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several research analyst reports. StockNews.com began coverage on shares of Xylem in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Xylem in a report on Wednesday, June 28th. They issued a “hold” rating and a $121.00 price objective on the stock. Royal Bank of Canada dropped their target price on shares of Xylem from $133.00 to $129.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Robert W. Baird upgraded Xylem from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $122.00 to $135.00 in a research note on Wednesday, May 31st. Finally, 888 restated an “initiates” rating on shares of Xylem in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $118.25.

Get Our Latest Stock Report on Xylem

Xylem Stock Down 2.7 %

Shares of Xylem stock opened at $102.33 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 52-week low of $84.15 and a 52-week high of $118.58. The company has a market capitalization of $18.45 billion, a P/E ratio of 54.43, a P/E/G ratio of 2.65 and a beta of 1.08. The company has a 50 day moving average of $110.49 and a 200 day moving average of $105.57.

Xylem (NYSE:XYL – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Xylem had a net margin of 5.81% and a return on equity of 12.74%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. As a group, research analysts forecast that Xylem Inc. will post 3.59 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Tuesday, May 30th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 26th. Xylem’s dividend payout ratio (DPR) is presently 70.21%.

Insider Buying and Selling

In other Xylem news, CEO Patrick Decker sold 99,649 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $111.62, for a total transaction of $11,122,821.38. Following the sale, the chief executive officer now owns 287,564 shares of the company’s stock, valued at $32,097,893.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Xylem Profile

(Free Report)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.