Xylem Bundle
Who Owns Xylem?
Xylem Inc.'s ownership structure evolved significantly following its spin-off from ITT Corporation in 2011. This strategic separation established Xylem as an independent, publicly traded company focused on water technology solutions.
The company, founded in 2011, has since grown to become a major player in addressing global water challenges, as evidenced by its $8.6 billion in revenues for 2024 and its debut on the Fortune 500 list at #486.
As a publicly traded entity, Xylem's ownership is distributed among its shareholders. Key institutional investors, such as Vanguard and BlackRock, hold significant stakes, influencing the company's strategic direction. The board of directors, elected by shareholders, oversees management and ensures alignment with shareholder interests. Understanding this dynamic is crucial for grasping the company's operational and strategic trajectory, including its market positioning after acquiring Evoqua Water Technologies in May 2023, which solidified its status as the world's largest pure-play water technology company. For a deeper dive into the external factors impacting the company, consider a Xylem PESTEL Analysis.
Who Founded Xylem?
Xylem Inc. emerged not from individual founders but as a strategic spin-off from ITT Corporation. The separation was announced on January 12, 2011, with the water technology business officially becoming Xylem on October 31, 2011. This marked the beginning of Xylem's journey as an independent global water technology company.
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Xylem Inc. was established through a spin-off from ITT Corporation. This strategic move aimed to create a focused entity dedicated to water technology solutions. Upon its separation, Xylem's ownership was distributed to ITT Corporation's existing shareholders. Each ITT shareholder received one share of Xylem common stock for every share of ITT stock they held. Steven R. Loranger, who was the Chairman, President, and CEO of ITT Corporation at the time, played a significant role in Xylem's formation. He subsequently served as Xylem's initial CEO and President. Xylem Inc. is a publicly traded company. Its shares are available for purchase on the open market, making its ownership accessible to a broad range of investors. The distribution of Xylem shares to ITT shareholders was based on the shareholder record date of October 17, 2011. This determined who received the initial allocation of Xylem stock. The early ownership of Xylem was characterized by a collective founding by ITT's shareholders. This broad distribution of shares meant no single individual or small group initially held a dominant stake. |
The initial ownership structure of Xylem Inc. was a direct result of its spin-off from ITT Corporation. On October 31, 2011, Xylem began operating as a standalone entity, with its shares distributed to ITT's shareholders of record as of October 17, 2011. This meant that the former shareholders of ITT became the initial owners of Xylem, reflecting a broad base of ownership from its inception. Steven R. Loranger, who led ITT during the spin-off, transitioned to become the first CEO and President of Xylem, guiding the company through its early stages. This distribution effectively transferred ownership from the parent company to its existing investor base, rather than through traditional founder investment.
The initial ownership of Xylem Inc. was established through a share distribution to ITT Corporation's shareholders. This process ensured that the newly formed company began its operations with a diversified ownership base.
- Xylem was spun off from ITT Corporation on October 31, 2011.
- ITT shareholders of record on October 17, 2011, received Xylem shares.
- Steven R. Loranger served as the initial CEO and President of Xylem.
- The ownership structure reflected a broad distribution among former ITT investors.
- This marked a transition from a subsidiary to a publicly traded, independent entity.
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How Has Xylem’s Ownership Changed Over Time?
Xylem's ownership journey began with its spin-off from ITT Corporation in October 2011, marking its debut as an independent, publicly traded entity. This transition established its presence on the New York Stock Exchange under the ticker XYL, setting the stage for its current ownership landscape.
| Major Institutional Shareholder | Number of Shares (as of June 30, 2025) |
|---|---|
| Vanguard Group Inc. | 29,697,829 |
| BlackRock, Inc. | 24,320,765 |
| State Street Corp | 10,820,033 |
| Geode Capital Management, Llc | 6,141,231 |
| Amundi | 5,714,576 |
| Impax Asset Management Group plc | 5,499,688 |
| Pictet Asset Management Holding SA | 5,447,887 |
As a publicly traded company, Xylem's ownership is primarily vested in institutional investors, who collectively held approximately 92.74% of its stock as of April 2025. This significant institutional backing, which saw an increase from 90.00% in February 2025 to 92.74% in March 2025, reflects substantial confidence from major investment firms. The largest shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp, holding millions of shares each. While insider ownership, comprising company executives and directors, represented a modest 0.17% in April 2025, the remaining shares are distributed among other public companies and individual investors. This dominant institutional ownership often shapes Xylem's strategic direction, prioritizing sustained growth, operational efficiency, and shareholder value, frequently pursued through strategic acquisitions to broaden market reach and enhance capabilities. Understanding the Revenue Streams & Business Model of Xylem can provide further context to the interests of these major stakeholders.
Xylem's ownership is heavily concentrated among institutional investors, indicating strong market confidence.
- Institutional investors hold approximately 92.74% of Xylem stock as of April 2025.
- Key institutional holders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp.
- Insider ownership is minimal, standing at 0.17% in April 2025.
- The company is publicly traded on the New York Stock Exchange (NYSE: XYL).
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Who Sits on Xylem’s Board?
Xylem Inc.'s governance and strategic direction are overseen by its Board of Directors. As of August 2025, the board consists of nine members, including President and CEO Matthew Pine, and Independent Chairman Robert Friel. The board also features directors Lisa Glatch, Victoria Harker, Jerome Peribere, Mark Morelli, Lila Tretikov, and Uday Yadav, and Earl Ellis. This composition follows Jeanne Beliveau-Dunn's departure in January 2025.
| Director Name | Role |
|---|---|
| Matthew Pine | President, Chief Executive Officer, and Director |
| Robert Friel | Independent Chairman |
| Lisa Glatch | Director |
| Victoria Harker | Director |
| Jerome Peribere | Director |
| Mark Morelli | Director |
| Lila Tretikov | Director |
| Uday Yadav | Director |
| Earl Ellis | Director |
Xylem operates under a standard corporate structure where each share of common stock carries one vote. This one-share-one-vote principle is typical for companies listed on the New York Stock Exchange (NYSE) and ensures that voting power is directly proportional to share ownership. The company's governance framework, as detailed in its 2025 Proxy Statement, emphasizes director independence and a committee structure designed for effective oversight. While the company has a broad institutional shareholder base, there are no indications of dual-class share structures or other arrangements that would concentrate voting power disproportionately. Understanding the Growth Strategy of Xylem can provide further context on how this ownership structure supports its operational goals.
Xylem's voting power is distributed among its shareholders based on their stock holdings. The company's governance structure is designed to ensure accountability and alignment with shareholder interests.
- One-share-one-vote structure is standard for publicly traded companies.
- No dual-class shares or special voting rights are indicated.
- Board composition prioritizes independent directors for robust oversight.
- Institutional investors form a significant portion of the shareholder base.
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What Recent Changes Have Shaped Xylem’s Ownership Landscape?
Over the past three to five years, Xylem's ownership profile has seen significant shifts driven by strategic acquisitions and a consistent focus on shareholder returns. The company has actively worked to expand its market presence and technological capabilities, influencing its investor base.
| Development | Date | Value |
| Acquisition of Evoqua Water Technologies | May 2023 | $7.5 billion |
| Majority stake acquisition in Idrica | December 2024 | Not Disclosed |
| Acquisition of Heusser | December 2024 | Not Disclosed |
The acquisition of Evoqua Water Technologies in May 2023 for $7.5 billion marked a pivotal moment, significantly expanding Xylem's offerings and solidifying its position as a leading pure-play water technology firm. Evoqua contributed $786 million to Xylem's revenues in 2024. Further enhancing its digital prowess, Xylem secured a majority stake in Idrica, a specialist in water data management and analytics, in December 2024. The company also acquired Heusser in December 2024. These strategic moves underscore a commitment to growth and technological advancement within the water sector. Xylem continues to prioritize shareholder value through robust dividend payouts and share repurchases. In the first half of 2025, dividends totaling $196 million were distributed, representing a 12% increase year-over-year. Additionally, the company repurchased $12.9 million in shares. A notable dividend increase of 11% was announced in February 2025. In terms of governance, director Jeanne Beliveau-Dunn did not seek re-election in January 2025. The trend of increasing institutional ownership is pronounced, with institutional holdings reaching 92.74% as of March/April 2025, indicating strong confidence from major financial entities. Xylem has articulated its strategy to pursue further accretive mergers and acquisitions, aiming to deploy capital effectively into its core business and expand market share. The company anticipates recognizing over 50% of its 2024 backlog as revenue in 2025, supporting its growth trajectory and demonstrating the tangible impact of its recent developments on future performance. This strategic capital allocation aligns with Xylem's overarching Mission, Vision & Core Values of Xylem.
Xylem's acquisition of Evoqua Water Technologies for $7.5 billion in May 2023 significantly expanded its market reach. Further investments in digital capabilities include a majority stake in Idrica, acquired in December 2024.
The company demonstrated a commitment to shareholders with a 12% year-over-year dividend increase in the first half of 2025, totaling $196 million. Share repurchases also continued, with $12.9 million in buybacks.
Institutional investors now hold a substantial 92.74% of Xylem's stock as of March/April 2025. This trend highlights growing confidence from major financial stakeholders.
Xylem plans to continue pursuing strategic acquisitions to bolster its core business and market share. Over 50% of the 2024 backlog is expected to convert to revenue in 2025.
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