Cinctive Capital Management LP Acquires New Stake in Xylem Inc. $XYL

Key Points

• Cinctive Capital Management LP has acquired a new stake in Xylem Inc., purchasing 10,461 shares valued at approximately $1,250,000.
• Various institutional investors significantly increased their positions in Xylem during the first quarter, with Price T Rowe Associates boosting its stake by 689.5%.
• Xylem announced a quarterly dividend of $0.40 per share, set to be paid on September 25th, representing an annualized dividend yield of approximately 1.1%.

Cinctive Capital Management LP acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,461 shares of the industrial products company's stock, valued at approximately $1,250,000.

Several other institutional investors also recently made changes to their positions in XYL. Price T Rowe Associates Inc. MD boosted its position in shares of Xylem by 689.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock worth $443,074,000 after purchasing an additional 3,239,203 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Xylem during the 1st quarter worth $99,726,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Xylem by 390.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Xylem during the 1st quarter worth $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Xylem during the 4th quarter worth $83,139,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 1.5%

Shares of XYL stock opened at $141.84 on Friday. The firm has a 50-day moving average price of $137.11 and a 200 day moving average price of $127.17. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The company has a market capitalization of $34.52 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.42 and a beta of 1.09. 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 (NYSE:XYL - Get Free Report) last announced 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on XYL. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Cowen restated a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Finally, Citigroup reaffirmed a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $152.29.

About Xylem

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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