Xylem Inc. $XYL Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc significantly reduced its stake in Xylem Inc. by 70.3%, selling 733,807 shares and maintaining 309,299 shares valued at approximately $36.4 million.
• Xylem reported a quarterly earnings of $1.26 EPS, exceeding analyst expectations, with a revenue of $2.30 billion for the quarter.
• The company announced a quarterly dividend of $0.40 per share, indicating an annual yield of 1.1% and a payout ratio of 41.56%.

Aberdeen Group plc trimmed its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 70.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,299 shares of the industrial products company's stock after selling 733,807 shares during the quarter. Aberdeen Group plc owned about 0.13% of Xylem worth $36,445,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of XYL. Northern Trust Corp lifted its stake in Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares in the last quarter. Nuveen LLC purchased a new position in Xylem in the 1st quarter worth approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Xylem by 390.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock valued at $122,009,000 after buying an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Xylem during the 1st quarter valued at approximately $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Xylem during the 4th quarter valued at approximately $83,139,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Citigroup reaffirmed a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Trading Down 0.0%

Xylem stock traded down $0.0180 during trading on Wednesday, hitting $141.8120. The company had a trading volume of 1,234,814 shares, compared to its average volume of 1,472,939. Xylem Inc. has a 1-year low of $100.47 and a 1-year 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 company's 50 day simple moving average is $133.35 and its 200-day simple moving average is $126.12. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11.

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

Xylem Dividend Announcement

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