Flputnam Investment Management Co. Has $3.44 Million Holdings in Xylem Inc. $XYL

Key Points

• Flputnam Investment Management Co. reduced its holdings in Xylem Inc. by 14.7%, selling 4,957 shares and leaving them with a total of 28,771 shares valued at approximately $3.44 million.
• A range of large investors are notably reshuffling their positions in Xylem, with Valley National Advisers Inc. increasing their stake by 84.9% in the first quarter.
• Xylem has recently reported earnings of $1.26 per share, beating estimates, and announced a quarterly dividend of $0.40, which yields about 1.1% annually.

Flputnam Investment Management Co. cut its stake in Xylem Inc. (NYSE:XYL - Free Report) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,771 shares of the industrial products company's stock after selling 4,957 shares during the quarter. Flputnam Investment Management Co.'s holdings in Xylem were worth $3,437,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Center for Financial Planning Inc. grew its holdings in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Xylem by 3.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 99 shares in the last quarter. Valley National Advisers Inc. raised its position in Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Ascent Wealth Partners LLC raised its position in Xylem by 0.7% in the 1st quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company's stock valued at $1,700,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Xylem by 25.1% in the 1st quarter. Blue Trust Inc. now owns 539 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 108 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XYL. Citigroup reaffirmed a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. UBS Group increased their price objective on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Finally, TD Cowen lifted their target price on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

Xylem Stock Down 1.0%

Shares of NYSE:XYL traded down $1.42 during midday trading on Friday, hitting $140.52. 1,170,902 shares of the stock were exchanged, compared to its average volume of 1,446,812. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The business's fifty day simple moving average is $137.11 and its two-hundred day simple moving average is $127.17. The company has a market capitalization of $34.20 billion, a PE ratio of 36.50, a P/E/G ratio of 2.42 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem's payout ratio is presently 41.56%.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company's stock.

Xylem Company 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.