Eventide Asset Management LLC Acquires Shares of 110,916 Xylem Inc. $XYL

Key Points

• Eventide Asset Management LLC acquired 110,916 shares of Xylem Inc. for approximately $13.25 million in the first quarter, indicating strong institutional interest in the company.
• Wall Street analysts have rated Xylem with a consensus of "Moderate Buy" and have increased target prices, with some firms setting targets as high as $175.00.
• Xylem recently reported earnings exceeding expectations, with a $1.26 EPS for the quarter, and announced a quarterly dividend of $0.40 per share, reflecting a 1.1% yield.

Eventide Asset Management LLC bought a new position in Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 110,916 shares of the industrial products company's stock, valued at approximately $13,250,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its stake in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in shares of Xylem during the 1st quarter worth $27,000. Center for Financial Planning Inc. increased its stake in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Xylem during the 4th quarter worth $36,000. Finally, Headlands Technologies LLC increased its stake in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Insider Transactions at Xylem

In other Xylem 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. The trade was a 25.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research analyst reports. Citigroup reiterated a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. UBS Group lifted 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. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Six equities 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.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

Xylem Stock Performance

Shares of XYL stock traded down $1.42 on Friday, hitting $140.52. The company's stock had a trading volume of 1,170,902 shares, compared to its average volume of 1,027,330. The company has a market capitalization of $34.20 billion, a PE ratio of 36.50, a PEG ratio of 2.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The stock's 50 day moving average is $137.36 and its 200-day moving average is $127.20.

Xylem (NYSE:XYL - Get Free Report) last posted its 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. 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 business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm 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 $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio (DPR) is presently 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.