Magnetar Financial LLC Buys Shares of 61,880 Xylem Inc. $XYL

Key Points

• Magnetar Financial LLC has acquired 61,880 shares of Xylem Inc., valued at approximately $7.4 million, marking a significant investment during the 1st quarter.
• Xylem's quarterly earnings surpassed expectations with earnings per share of $1.26, and revenue of $2.30 billion, representing a 6.1% increase year-over-year.
• The company is set to pay a quarterly $0.40 dividend on September 25th, highlighting its commitment to returning value to shareholders.

Magnetar Financial LLC bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 61,880 shares of the industrial products company's stock, valued at approximately $7,392,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC purchased a new position in shares of Xylem during the 1st quarter worth approximately $694,000. Farther Finance Advisors LLC boosted its position in shares of Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Xylem in the 1st quarter worth approximately $72,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Xylem by 19.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock worth $3,251,000 after purchasing an additional 4,429 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Xylem by 29.1% in the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock worth $507,000 after purchasing an additional 956 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XYL shares. JPMorgan Chase & Co. started coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. TD Cowen boosted their price target on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus boosted their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.29.

Xylem Stock Down 1.7%

XYL stock traded down $2.44 during midday trading on Monday, hitting $141.57. The company's stock had a trading volume of 1,114,446 shares, compared to its average volume of 1,063,167. The company has a market cap of $34.46 billion, a PE ratio of 36.77, a P/E/G ratio of 2.45 and a beta of 1.09. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The firm's 50-day moving average is $136.05 and its 200-day moving average is $126.82.

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, beating the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be paid 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 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.