Xylem Inc. $XYL Shares Sold by Ethic Inc.

Key Points

• Ethic Inc. reduced its stake in Xylem Inc. by 7.6%, selling 3,466 shares to hold a remaining 41,933 shares worth $5,027,000.
• Xylem recently reported quarterly earnings of $1.26 per share, exceeding analysts' expectations of $1.15, with revenue hitting $2.30 billion.
• The company announced a quarterly dividend of $0.40, reflecting an annualized payout of $1.60 and a dividend yield of 1.1%.

Ethic Inc. lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,933 shares of the industrial products company's stock after selling 3,466 shares during the period. Ethic Inc.'s holdings in Xylem were worth $5,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Xylem by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after purchasing an additional 362,127 shares during the last quarter. Royal Bank of Canada boosted its holdings in Xylem by 7.9% in the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $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 boosted its holdings in Xylem by 8.7% in the fourth 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 worth $435,119,000 after acquiring an additional 301,070 shares in the last quarter. Northern Trust Corp boosted its holdings in Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after acquiring an additional 966,399 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Xylem by 0.7% in the first quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company's stock worth $279,747,000 after acquiring an additional 15,740 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

NYSE:XYL traded down $0.0180 during trading hours on Wednesday, reaching $141.8120. The company had a trading volume of 1,234,814 shares, compared to its average volume of 1,472,939. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The firm has a market cap of $34.52 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The business's 50 day moving average price is $133.35 and its 200-day moving average price is $126.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem's payout ratio is presently 41.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group raised their price target on 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 raised their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Xylem has an average rating of "Moderate Buy" and an average target price of $151.57.

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.