Dynamic Technology Lab Private Ltd Takes Position in Xylem Inc. $XYL

Key Points

• Dynamic Technology Lab Private Ltd has purchased 9,679 shares of Xylem Inc., valued at approximately $1,156,000, indicating growing institutional interest in the company.
• Xylem recently announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 1.1%, with a payout ratio of 41.56%.
• Analysts have varying perspectives on Xylem, with some recent upgrades resulting in price targets as high as $175.00, reflecting a general sentiment of a Moderate Buy rating among analysts.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,679 shares of the industrial products company's stock, valued at approximately $1,156,000.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after buying an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new stake in Xylem during the 1st quarter valued at $27,000. Center for Financial Planning Inc. raised its stake in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the last quarter. Headlands Technologies LLC raised its stake in Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after buying an additional 145 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Xylem during the 4th quarter valued at $36,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XYL. TD Cowen upped their price objective on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Cowen restated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Stifel Nicolaus upped their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup restated a "buy" rating and issued a $152.00 price objective (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Mizuho upped their price objective on Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $150.75.

Xylem Price Performance

XYL stock traded down $0.25 during trading on Friday, reaching $141.55. The company's stock had a trading volume of 879,498 shares, compared to its average volume of 1,441,329. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $34.45 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09. The company's fifty day moving average is $138.01 and its 200-day moving average is $127.52.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is presently 41.56%.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the transaction, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

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.