AFG Fiduciary Services Limited Partnership Purchases New Holdings in Xylem Inc. $XYL

Key Points

• AFG Fiduciary Services Limited Partnership has invested $275,000 in Xylem Inc., acquiring 2,100 shares in the company during the 2nd quarter.
• Xylem reported $1.26 earnings per share for the last quarter, exceeding estimates and showing a revenue increase of 6.1% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, representing an annual yield of 1.1%.

AFG Fiduciary Services Limited Partnership bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,100 shares of the industrial products company's stock, valued at approximately $275,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Xylem by 689.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock valued at $443,074,000 after purchasing an additional 3,239,203 shares during the last quarter. Nuveen LLC bought a new stake in shares of Xylem during the 1st quarter valued at $99,726,000. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Xylem in the 1st quarter worth about $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Xylem in the 4th quarter worth about $83,139,000. 87.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

Xylem Stock Performance

NYSE:XYL traded up $0.65 during mid-day trading on Friday, reaching $142.83. 2,435,675 shares of the stock were exchanged, compared to its average volume of 1,196,248. The company has a 50 day simple moving average of $139.24 and a 200-day simple moving average of $128.04. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The stock has a market capitalization of $34.77 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.47 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last announced 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 company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. TD Cowen lifted their target price 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 upgraded Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Cowen reaffirmed a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. Finally, Barclays assumed coverage on Xylem in a report on Friday. They issued an "overweight" rating and a $165.00 price target for the company. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.33.

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.