Erste Asset Management GmbH Lowers Stock Holdings in Xylem Inc. $XYL

Key Points

• Erste Asset Management GmbH has decreased its stake in Xylem Inc. by 11.2%, selling 51,396 shares and now owning approximately 409,536 shares valued at about $49.19 million.
• Xylem's stock received increased target prices from various analysts, with Citigroup raising its target to $152.00, and the current consensus rating for the stock is a "Moderate Buy."
• In addition to its stock activity, Xylem has announced a quarterly dividend of $0.40 per share, representing a yield of 1.1%, with the ex-dividend date on August 28th.

Erste Asset Management GmbH reduced its stake in Xylem Inc. (NYSE:XYL - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 409,536 shares of the industrial products company's stock after selling 51,396 shares during the period. Erste Asset Management GmbH owned approximately 0.17% of Xylem worth $49,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Groupama Asset Managment increased its holdings in Xylem by 5.6% in the 1st quarter. Groupama Asset Managment now owns 17,635 shares of the industrial products company's stock valued at $2,106,000 after acquiring an additional 943 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Xylem by 14.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 160,509 shares of the industrial products company's stock valued at $19,174,000 after acquiring an additional 20,006 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Xylem by 10.2% in the 1st quarter. Hsbc Holdings PLC now owns 1,490,931 shares of the industrial products company's stock valued at $177,969,000 after acquiring an additional 137,972 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Xylem in the 1st quarter worth about $236,000. Finally, Northern Trust Corp increased its holdings 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 worth $401,743,000 after buying an additional 94,560 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. UBS Group boosted their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $151.57.

Xylem Trading Up 2.4%

Shares of XYL stock traded up $3.4010 during trading hours on Friday, reaching $143.6210. 1,186,118 shares of the stock were exchanged, compared to its average volume of 1,212,842. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. 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 company's 50-day moving average price is $134.27 and its 200-day moving average price is $126.45. The firm has a market capitalization 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.

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 analysts' consensus estimates 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 analysts' expectations of $2.20 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 payout ratio is currently 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.