Manchester Capital Management LLC Trims Holdings in Xylem Inc. $XYL

Manchester Capital Management LLC decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 91.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 738 shares of the industrial products company’s stock after selling 7,734 shares during the quarter. Manchester Capital Management LLC’s holdings in Xylem were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XYL. Norges Bank purchased a new position in Xylem during the fourth quarter worth approximately $361,012,000. Schroder Investment Management Group lifted its position in Xylem by 2,055.2% during the third quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after buying an additional 1,137,342 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Xylem by 346.2% during the third quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock worth $105,160,000 after buying an additional 553,152 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Xylem during the second quarter worth approximately $64,407,000. Finally, Jennison Associates LLC lifted its position in Xylem by 241.6% during the fourth quarter. Jennison Associates LLC now owns 633,648 shares of the industrial products company’s stock worth $86,290,000 after buying an additional 448,148 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the sale, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, with a total value of $141,098.10. Following the completion of the purchase, the director directly owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This represents a 4.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Xylem Price Performance

XYL stock opened at $110.84 on Wednesday. The business has a fifty day moving average of $116.42 and a two-hundred day moving average of $127.91. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.35 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, research analysts anticipate that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s payout ratio is presently 42.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Oppenheimer reduced their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada reduced their price objective on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. UBS Group raised their target price on Xylem from $132.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Mizuho set a $138.00 target price on Xylem in a research note on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and six have given 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 $152.77.

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.