Xylem Inc. $XYL Shares Purchased by PFG Investments LLC

PFG Investments LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,190 shares of the industrial products company’s stock after acquiring an additional 275 shares during the quarter. PFG Investments LLC’s holdings in Xylem were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SWS Partners grew its position in Xylem by 6.3% during the 2nd quarter. SWS Partners now owns 7,221 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 428 shares during the period. GC Wealth Management RIA LLC purchased a new stake in shares of Xylem in the second quarter worth about $229,000. Hanson & Doremus Investment Management grew its holdings in Xylem by 0.9% during the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock worth $1,102,000 after acquiring an additional 77 shares during the period. V Square Quantitative Management LLC raised its position in Xylem by 1.8% during the second quarter. V Square Quantitative Management LLC now owns 7,188 shares of the industrial products company’s stock valued at $930,000 after acquiring an additional 129 shares in the last quarter. Finally, Smith Salley Wealth Management lifted its holdings in Xylem by 1.9% in the second quarter. Smith Salley Wealth Management now owns 82,652 shares of the industrial products company’s stock valued at $10,692,000 after acquiring an additional 1,508 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen raised 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. Cowen reissued a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. UBS Group increased their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Barclays started coverage on Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.33.

Xylem Stock Up 0.8%

Shares of NYSE XYL opened at $149.02 on Friday. The firm has a market cap of $36.27 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. The company’s 50-day simple moving average is $141.61 and its 200-day simple moving average is $129.23. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $149.93.

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

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s payout ratio is presently 41.56%.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the transaction, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.