Alliancebernstein L.P. Sells 4,521 Shares of Xylem Inc. $XYL

Key Points

• Alliancebernstein L.P. reduced its stake in Xylem Inc. (NYSE:XYL) by 1.6% in Q1, now owning 278,625 shares worth approximately $33.3 million.
• Research analysts have generally increased their ratings for Xylem, with Wall Street Zen upgrading it to a "buy" and setting a target price of $152.29.
• Xylem recently announced a quarterly dividend of $0.40, translating to an annual yield of 1.1%, with a payout ratio of 41.56%.

Alliancebernstein L.P. lowered its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,625 shares of the industrial products company's stock after selling 4,521 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Xylem worth $33,285,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XYL. Valley National Advisers Inc. boosted its stake in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co bought a new position in shares of Xylem in the first quarter worth approximately $27,000. Center for Financial Planning Inc. lifted its stake in shares of Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Xylem in the fourth quarter worth approximately $36,000. Finally, Headlands Technologies LLC lifted its stake in shares of Xylem by 90.6% in the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after buying an additional 145 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

XYL stock traded up $0.18 on Friday, hitting $141.98. The company had a trading volume of 749,202 shares, compared to its average volume of 1,440,806. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The stock has a market cap of $34.56 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.38 and a beta of 1.09. The stock's 50-day simple moving average is $138.01 and its 200 day simple moving average is $127.52.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share 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 business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm earned $1.09 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share 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 given a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio (DPR) is presently 41.56%.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $139.96, for a total value of $139,960.00. Following the transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on XYL shares. Mizuho upped their target price on shares of Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday. TD Cowen upped their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Stifel Nicolaus upped their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

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.