Resona Asset Management Co. Ltd. Grows Stock Holdings in Xylem Inc. $XYL

Resona Asset Management Co. Ltd. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,882 shares of the industrial products company’s stock after acquiring an additional 4,754 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Xylem were worth $11,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XYL. AFG Fiduciary Services Limited Partnership bought a new stake in Xylem during the second quarter valued at $275,000. IFM Investors Pty Ltd increased its stake in Xylem by 11.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock worth $6,995,000 after acquiring an additional 5,617 shares during the last quarter. BROOKFIELD Corp ON raised its holdings in shares of Xylem by 26.5% in the 1st quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock valued at $1,956,000 after acquiring an additional 3,430 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Xylem by 10.9% in the 2nd quarter. Nordea Investment Management AB now owns 29,826 shares of the industrial products company’s stock valued at $3,830,000 after acquiring an additional 2,926 shares in the last quarter. Finally, Boston Family Office LLC boosted its position in shares of Xylem by 10.6% during the 1st quarter. Boston Family Office LLC now owns 86,887 shares of the industrial products company’s stock valued at $10,380,000 after acquiring an additional 8,308 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $151.27 on Friday. The stock has a market cap of $36.83 billion, a PE ratio of 38.89, a PEG ratio of 2.50 and a beta of 1.15. The company’s fifty day moving average is $145.43 and its 200 day moving average is $135.62. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The company has a quick ratio of 1.43, a current ratio of 1.96 and a debt-to-equity ratio of 0.17.

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

Xylem Dividend Announcement

The business 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 yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a research report on Wednesday, October 8th. Barclays lifted their target price on shares of Xylem from $165.00 to $172.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Royal Bank Of Canada raised their price objective on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Argus set a $170.00 price objective on shares of Xylem in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.90.

Insiders Place Their Bets

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the sale, the director owned 16,875 shares in the company, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,121 shares of company stock valued at $1,982,459 in the last ninety days. Company insiders own 0.27% of the company’s stock.

About Xylem

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.