Ashton Thomas Private Wealth LLC Grows Holdings in Xylem Inc. $XYL

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in Xylem Inc. by 55.3%, now owning 5,781 shares worth $691,000.
• Xylem's stock has shown solid performance with a 1-year high of $145.33 and reported earnings per share of $1.26, exceeding analysts' estimates.
• The company declared a quarterly dividend of $0.40, equating to an annual yield of 1.1%, with a dividend payout ratio of 41.56%.

Ashton Thomas Private Wealth LLC grew its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 55.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,781 shares of the industrial products company's stock after purchasing an additional 2,058 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Xylem were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. increased its stake in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co purchased a new stake in Xylem in the first quarter worth $27,000. Center for Financial Planning Inc. grew its position in shares of Xylem by 52.0% during the 1st 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. Headlands Technologies LLC grew its position in shares of Xylem by 90.6% during the 1st 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. Finally, Heck Capital Advisors LLC bought a new position in shares of Xylem during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of XYL stock opened at $141.75 on Friday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The stock's 50-day moving average is $138.01 and its 200 day moving average is $127.52. The company has a market cap of $34.50 billion, a P/E ratio of 36.82, a PEG ratio of 2.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

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

Xylem Announces Dividend

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 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated 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 sale, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen reissued a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. UBS Group increased their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $152.29.

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.

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