APG Asset Management N.V. Sells 20,574 Shares of Xylem Inc. $XYL

Key Points

• APG Asset Management N.V. decreased its stake in Xylem Inc. by 7.5%, owning 253,166 shares after selling 20,574 shares in Q1.
• Xylem announced a quarterly dividend of $0.40 per share, with a dividend yield of 1.1% and a payout ratio of 41.56%.
• The latest earnings results showed Xylem reported $1.26 earnings per share for the quarter, exceeding expectations of $1.15.

APG Asset Management N.V. decreased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,166 shares of the industrial products company's stock after selling 20,574 shares during the period. APG Asset Management N.V. owned about 0.10% of Xylem worth $27,998,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. boosted its position in Xylem by 84.9% in the first 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 in the last quarter. Perkins Coie Trust Co acquired a new position in shares of Xylem in the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. increased its holdings 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 purchasing an additional 91 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter worth about $36,000. Finally, Headlands Technologies LLC raised its position in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after purchasing an additional 145 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. UBS Group lifted their price target on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus boosted their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday. Finally, TD Cowen raised their price objective on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $152.29.

Xylem Price Performance

XYL traded down $1.58 on Friday, reaching $142.43. The stock had a trading volume of 269,580 shares, compared to its average volume of 1,449,553. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week 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 has a market capitalization of $34.67 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. The firm has a 50-day moving average of $135.71 and a 200-day moving average of $126.80.

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

Xylem Announces Dividend

The firm 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 $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

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.