Xylem Inc. $XYL Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. sold 220,036 shares of Xylem Inc., reducing its ownership by 11.9% to a total of 1,624,190 shares, valued at approximately $194 million.
1.1% yield with a payout ratio of 41.56%.
• Recent analyst ratings for Xylem have been positive, with Stifel Nicolaus raising the price target to $175.00 and a consensus rating of "Moderate Buy" from multiple analysts.

American Century Companies Inc. lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 11.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,624,190 shares of the industrial products company's stock after selling 220,036 shares during the quarter. American Century Companies Inc. owned approximately 0.67% of Xylem worth $194,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XYL. Townsquare Capital LLC grew its holdings in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after acquiring an additional 88 shares during the period. Bridgewater Associates LP boosted its stake in shares of Xylem by 59.6% in the fourth quarter. Bridgewater Associates LP now owns 2,482 shares of the industrial products company's stock worth $288,000 after acquiring an additional 927 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Xylem by 3.6% in the fourth quarter. Evergreen Capital Management LLC now owns 5,585 shares of the industrial products company's stock worth $648,000 after acquiring an additional 193 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Xylem by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,019 shares of the industrial products company's stock worth $466,000 after acquiring an additional 112 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Xylem by 14.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 394,953 shares of the industrial products company's stock worth $45,803,000 after buying an additional 49,460 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.6%

Shares of NYSE:XYL traded up $0.87 on Tuesday, hitting $141.72. 1,177,045 shares of the company's stock were exchanged, compared to its average volume of 1,472,466. The firm's 50-day moving average is $133.08 and its 200 day moving average is $126.01. The company has a market capitalization of $34.50 billion, a PE ratio of 36.81, a P/E/G ratio of 2.44 and a beta of 1.11. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

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, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion during 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 business's quarterly revenue was up 6.1% compared to the same quarter last year. 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. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be given a $0.40 dividend. The ex-dividend date of this dividend 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 is 41.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. UBS Group lifted their target price on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup restated a "buy" rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Finally, Royal Bank Of Canada lifted their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $151.57.

About Xylem

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.