Corient IA LLC Makes New $597,000 Investment in Xylem Inc. $XYL

Key Points

• Corient IA LLC has acquired 5,000 shares of Xylem Inc. (NYSE:XYL), worth approximately $597,000, marking a significant new position in the company.
• Xylem's recent earnings report showed a 12-month revenue increase of 6.1%, with earnings per share surpassing expectations at $1.26.
• The company announced a $0.40 quarterly dividend, resulting in an annualized dividend yield of 1.1% with a payout ratio of 41.56%.

Corient IA LLC purchased a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the industrial products company's stock, valued at approximately $597,000.

Several other large investors also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. grew its position in 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 purchasing an additional 7,308 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Xylem by 7.9% in the 1st quarter. Raymond James Financial Inc. now owns 376,253 shares of the industrial products company's stock worth $44,947,000 after buying an additional 27,657 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Xylem by 14.4% in the 1st quarter. Cresset Asset Management LLC now owns 4,731 shares of the industrial products company's stock valued at $565,000 after purchasing an additional 596 shares in the last quarter. Boston Family Office LLC increased its stake in shares of Xylem by 10.6% in 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 during the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Xylem in the 1st quarter worth $205,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XYL. Citigroup reiterated a "buy" rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. UBS Group upped their price objective on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus boosted their price target on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and an average price target of $151.57.

Xylem Trading Up 0.6%

NYSE:XYL traded up $0.87 during trading hours on Tuesday, reaching $141.72. 1,177,045 shares of the company were exchanged, compared to its average volume of 1,151,543. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The stock has a 50 day simple moving average of $133.35 and a 200 day simple moving average of $126.12. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.44 and a beta of 1.11. 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 (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (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 analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business'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. As a group, analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio is currently 41.56%.

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.