3,702 Shares in Xylem Inc. $XYL Purchased by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC acquired 3,702 shares of Xylem Inc., valued at approximately $442,000, reflecting a growing interest from institutional investors in the stock.
• Xylem's dividend announcement includes a quarterly payout of $0.40 per share, with an expected annualized yield of 1.1% for shareholders.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Xylem Inc., with an average target price of $150.75, following several upward adjustments in price targets from major investment firms.

Modern Wealth Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,702 shares of the industrial products company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its position in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in Xylem in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. boosted its holdings in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Xylem in the 4th quarter valued at about $36,000. Finally, Headlands Technologies LLC boosted its holdings in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem 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 completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Stifel Nicolaus boosted their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Mizuho boosted their price target on shares of Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday. UBS Group boosted their price target on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.75.

Xylem Stock Down 0.2%

Shares of NYSE:XYL opened at $141.55 on Monday. The stock has a market cap of $34.45 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.45 and a beta of 1.09. The firm has a fifty day moving average price of $138.19 and a 200 day moving average price of $127.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the business earned $1.09 EPS. The business's revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's payout ratio is presently 41.56%.

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.

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