Candriam S.C.A. Has $52.65 Million Stake in Xylem Inc. $XYL

Key Points

• Candriam S.C.A. has reduced its stake in Xylem Inc. by 34.1%, now holding approximately $52.65 million worth of the company's stock.
• Multiple hedge funds have increased their positions in Xylem during the first quarter, with 87.96% of the stock owned by institutional investors and hedge funds.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Xylem, with a price target of $151.57, reflecting optimistic growth expectations.

Candriam S.C.A. cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 34.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,711 shares of the industrial products company's stock after selling 227,973 shares during the period. Candriam S.C.A. owned approximately 0.18% of Xylem worth $52,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Xylem by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after acquiring an additional 362,127 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after acquiring an additional 320,500 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after acquiring an additional 301,070 shares in the last quarter. Northern Trust Corp lifted its position in shares of Xylem by 2.9% in the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company's stock valued at $401,743,000 after acquiring an additional 94,560 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Xylem by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company's stock valued at $279,747,000 after acquiring an additional 15,740 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of Xylem stock traded up $3.4010 during mid-day trading on Friday, reaching $143.6210. 1,186,118 shares of the stock were exchanged, compared to its average volume of 1,212,842. The company has a market cap of $34.96 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $134.27 and a 200 day simple moving average of $126.45. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last 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 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's payout ratio is currently 41.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XYL shares. Citigroup restated a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Stifel Nicolaus raised their price target on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

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.