Versor Investments LP Takes $558,000 Position in Xylem Inc. $XYL

Key Points

• Versor Investments LP has acquired 4,674 shares of Xylem Inc., valued at approximately $558,000, during the first quarter.
• Xylem reported $1.26 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and showing a 6.1% revenue increase year-over-year.
• The company also announced a quarterly dividend of $0.40 per share, representing an annualized yield of 1.1% for shareholders of record.

Versor Investments LP acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,674 shares of the industrial products company's stock, valued at approximately $558,000.

A number of other large investors have also recently made changes to their positions in the company. Corient IA LLC purchased a new stake in shares of Xylem during the first quarter worth approximately $597,000. Northwest & Ethical Investments L.P. raised its position in shares of Xylem by 3.2% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 234,430 shares of the industrial products company's stock worth $28,005,000 after acquiring an additional 7,308 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Xylem by 7.9% during the 1st quarter. Raymond James Financial Inc. now owns 376,253 shares of the industrial products company's stock worth $44,947,000 after acquiring an additional 27,657 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Xylem by 14.4% during the 1st quarter. Cresset Asset Management LLC now owns 4,731 shares of the industrial products company's stock worth $565,000 after acquiring an additional 596 shares in the last quarter. Finally, Boston Family Office LLC raised its stake in Xylem by 10.6% during the 1st quarter. Boston Family Office LLC now owns 86,887 shares of the industrial products company's stock worth $10,380,000 after acquiring an additional 8,308 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of NYSE XYL traded up $3.4010 during midday trading on Friday, reaching $143.6210. 1,186,118 shares of the company were exchanged, compared to its average volume of 1,212,842. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The stock has a fifty day simple moving average of $134.27 and a 200 day simple moving average of $126.45. The stock has a market cap of $34.96 billion, a P/E ratio of 37.30, a PEG ratio of 2.43 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the company posted $1.09 earnings per share. 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. On average, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on XYL. Royal Bank Of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Citigroup reissued a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus upped their target price on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

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.