Asset Management One Co. Ltd. Purchases 7,095 Shares of Xylem Inc. $XYL

Key Points

• Asset Management One Co. Ltd. increased its stake in Xylem Inc. by 4.4%, acquiring an additional 7,095 shares, bringing its total holdings to approximately 170,154 shares worth $22,011,000 as of the latest SEC filing.
• Xylem's recent earnings report revealed earnings per share (EPS) of $1.26, exceeding analysts' expectations of $1.15, along with a quarterly revenue of $2.30 billion.
• The company announced a quarterly dividend of $0.40, representing an annualized yield of 1.1% with a payout ratio of 41.56%.

Asset Management One Co. Ltd. boosted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,154 shares of the industrial products company's stock after purchasing an additional 7,095 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Xylem worth $22,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in Xylem by 84.9% in the 1st 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. Maseco LLP bought a new position in Xylem in the 2nd quarter worth about $31,000. ST Germain D J Co. Inc. boosted its stake in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after purchasing an additional 228 shares during the period. Signature Resources Capital Management LLC bought a new position in Xylem in the 2nd quarter worth about $39,000. Finally, Headlands Technologies LLC boosted its stake 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 period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

NYSE:XYL opened at $148.31 on Friday. The business has a 50 day moving average of $143.79 and a 200 day moving average of $132.76. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 2.53 and a beta of 1.13. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $151.16. 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 released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.Xylem's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were given a $0.40 dividend. The ex-dividend date was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's payout ratio is presently 41.56%.

Wall Street Analyst Weigh In

Several research analysts have commented on XYL shares. UBS Group raised their target price on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Cowen reaffirmed a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. Mizuho raised their price target on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Finally, Stifel Nicolaus raised their price target on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.67.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction that occurred on 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 owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by insiders.

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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