Bayforest Capital Ltd Purchases New Stake in Xylem Inc. $XYL

Key Points

• Bayforest Capital Ltd has acquired a new stake in Xylem Inc. ($XYL), purchasing 2,079 shares valued at approximately $248,000. This reflects ongoing interest from institutional investors in Xylem.
• Analysts have upgraded Xylem's stock ratings, with TD Cowen raising the target price from $125 to $130 and UBS Group increasing it from $164 to $168, leading to a consensus rating of "Moderate Buy".
• Xylem reported a quarterly EPS of $1.26, exceeding estimates while experiencing a year-over-year revenue increase of 6.1%, indicating solid financial performance.

Bayforest Capital Ltd purchased a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,079 shares of the industrial products company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its holdings in shares of 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 purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new stake in shares of Xylem in the first quarter valued at approximately $27,000. Center for Financial Planning Inc. increased its stake in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Xylem during the fourth quarter worth $36,000. Finally, Headlands Technologies LLC increased its stake in Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. TD Cowen raised their target price on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Cowen reissued a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Raymond James Financial raised Xylem to a "hold" rating in a research note on Thursday, May 15th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. 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 note on Tuesday, August 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.29.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction 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 transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Xylem Trading Up 2.9%

XYL opened at $141.75 on Friday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.33. The business has a fifty day simple moving average of $138.01 and a 200-day simple moving average of $127.52. The firm has a market cap of $34.50 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.38 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be issued 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%.

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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