Assenagon Asset Management S.A. Has $13.18 Million Stock Holdings in Xylem Inc. $XYL

Key Points

• Assenagon Asset Management S.A. reduced its stake in Xylem Inc. by 70.8%, now holding 101,892 shares valued at $13.18 million.
• Several institutional investors increased their holdings in Xylem, with Livforsakringsbolaget Skandia Omsesidigt seeing a significant 2,324.2% increase.
• Xylem announced a quarterly dividend of $0.40 per share, set to be paid on September 25, reflecting an annual yield of 1.1%.

Assenagon Asset Management S.A. lessened its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 70.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,892 shares of the industrial products company's stock after selling 247,427 shares during the period. Assenagon Asset Management S.A.'s holdings in Xylem were worth $13,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Xylem by 2,324.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 53,090 shares of the industrial products company's stock worth $6,868,000 after acquiring an additional 50,900 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Xylem by 11.6% in the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company's stock worth $6,995,000 after acquiring an additional 5,617 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Xylem by 3.2% in the second quarter. Exchange Traded Concepts LLC now owns 26,682 shares of the industrial products company's stock worth $3,452,000 after acquiring an additional 838 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Xylem by 8.3% in the second quarter. Fulton Bank N.A. now owns 2,180 shares of the industrial products company's stock worth $282,000 after acquiring an additional 168 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Xylem by 4.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 91,035 shares of the industrial products company's stock worth $11,776,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Cowen restated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. TD Cowen raised their price objective 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 raised their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Mizuho raised their target price on Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, September 12th. Finally, UBS Group raised their target price on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $152.33.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem 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 $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Xylem Price Performance

Shares of XYL stock opened at $143.55 on Tuesday. The stock has a 50-day moving average price of $139.49 and a 200 day moving average price of $128.12. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.47 and a beta of 1.09. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates 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 company earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem's dividend payout ratio (DPR) is presently 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.

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