Commerzbank Aktiengesellschaft FI Has $11.44 Million Stake in Xylem Inc. $XYL

Key Points

• Commerzbank Aktiengesellschaft FI holds a stake in Xylem Inc. worth $11.44 million after reducing its position by 3.7% in the second quarter.
• Analysts have recently raised their price targets for Xylem, with UBS Group setting a new target at $168.00 and maintaining a "buy" rating, while Zacks Research changed the rating to "strong-buy."
• Xylem recently declared a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 1.1% with a dividend payout ratio of 41.56%.

Commerzbank Aktiengesellschaft FI decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,438 shares of the industrial products company's stock after selling 3,378 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Xylem were worth $11,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Xylem by 689.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock valued at $443,074,000 after purchasing an additional 3,239,203 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Xylem in the first quarter valued at approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock valued at $122,009,000 after purchasing an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Xylem in the first quarter valued at approximately $89,828,000. Finally, Swedbank AB increased its holdings in shares of Xylem by 13.9% in the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock valued at $564,906,000 after purchasing an additional 531,890 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Cowen reaffirmed a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Mizuho lifted their target price on shares of Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Xylem from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.67.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the transaction, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Xylem Trading Down 0.9%

Shares of NYSE XYL opened at $146.83 on Friday. The company's fifty day moving average is $143.03 and its 200-day moving average is $130.20. The stock has a market cap of $35.74 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.56 and a beta of 1.13. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $151.16. 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 announced its quarterly 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 for 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 business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem's dividend payout ratio (DPR) is currently 41.56%.

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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