Amalgamated Bank Boosts Position in Xylem Inc. $XYL

Amalgamated Bank lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,559 shares of the industrial products company’s stock after acquiring an additional 289 shares during the period. Amalgamated Bank’s holdings in Xylem were worth $6,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of XYL. Allspring Global Investments Holdings LLC raised its holdings in shares of Xylem by 468.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 72,665 shares of the industrial products company’s stock worth $8,711,000 after acquiring an additional 59,888 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Xylem by 2.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,406 shares of the industrial products company’s stock worth $3,393,000 after acquiring an additional 586 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Xylem during the 1st quarter worth $232,000. Teacher Retirement System of Texas raised its holdings in shares of Xylem by 1,462.5% during the 1st quarter. Teacher Retirement System of Texas now owns 35,516 shares of the industrial products company’s stock worth $4,243,000 after acquiring an additional 33,243 shares during the period. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Xylem by 4.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 2,387 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.3%

Shares of NYSE:XYL opened at $151.00 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.43. The firm has a market capitalization of $36.76 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. The firm’s 50-day moving average is $144.74 and its two-hundred day moving average is $134.21. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.22 billion. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. Analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is 41.13%.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the sale, the executive vice president owned 31,250 shares in the company, valued at $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price objective on Xylem from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird set a $178.00 price objective on Xylem in a research report on Wednesday. Barclays raised their price objective on Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Xylem in a research report on Wednesday, October 8th. Finally, Cowen reissued a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.20.

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.