BNP Paribas Financial Markets Has $54.01 Million Position in Xylem Inc. $XYL

Key Points

• BNP Paribas Financial Markets reduced its stake in Xylem Inc. by 14.5% during the first quarter, now holding approximately $54 million worth of shares.
• Xylem recently reported earnings of $1.26 per share, exceeding expectations, with revenues reaching $2.30 billion for the quarter, a 6.1% increase year-over-year.
• The company announced a quarterly dividend of $0.40, reflecting an annualized dividend of $1.60 and a yield of 1.1%.

BNP Paribas Financial Markets lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 452,079 shares of the industrial products company's stock after selling 76,930 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.19% of Xylem worth $54,005,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XYL. Valley National Advisers Inc. boosted its stake in shares of Xylem by 84.9% in the 1st 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 bought a new position in shares of Xylem in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. boosted its stake in shares of Xylem by 52.0% in 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 during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter valued at about $36,000. Finally, Headlands Technologies LLC boosted its stake in shares of Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 1.3%

Shares of NYSE XYL traded up $1.77 during midday trading on Thursday, reaching $141.47. The company's stock had a trading volume of 342,578 shares, compared to its average volume of 1,444,867. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The stock has a market capitalization of $34.43 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.45 and a beta of 1.09. The stock has a 50 day simple moving average of $136.87 and a 200-day simple moving average of $127.08.

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, beating the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the business earned $1.09 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid 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 currently 41.56%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. UBS Group lifted their price objective on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Cowen reissued a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, TD Cowen lifted 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. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.29.

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.