Gabelli Funds LLC Cuts Stake in Xylem Inc. $XYL

Key Points

• Gabelli Funds LLC has reduced its stake in Xylem Inc. by 2.5%, now holding 472,025 shares worth $56.4 million as of the latest SEC filing.
• Xylem reported earnings of $1.26 per share for the last quarter, exceeding consensus estimates, and has set guidance for FY 2025 at 4.700-4.850 EPS.
• Several analysts have raised their target prices and ratings on Xylem, with the stock currently holding a consensus rating of "Moderate Buy."

Gabelli Funds LLC decreased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 472,025 shares of the industrial products company's stock after selling 11,905 shares during the period. Gabelli Funds LLC owned about 0.19% of Xylem worth $56,388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. J. Stern & Co. LLP grew its holdings in shares of Xylem by 6.6% in the first quarter. J. Stern & Co. LLP now owns 342,881 shares of the industrial products company's stock worth $40,961,000 after purchasing an additional 21,134 shares during the last quarter. Mirova boosted its position in Xylem by 2.7% in the 1st quarter. Mirova now owns 86,221 shares of the industrial products company's stock valued at $10,300,000 after buying an additional 2,238 shares during the period. ICONIQ Capital LLC purchased a new stake in Xylem in the 1st quarter valued at about $201,000. Samjo Management LLC grew its stake in Xylem by 2.1% in the 1st quarter. Samjo Management LLC now owns 20,665 shares of the industrial products company's stock worth $2,469,000 after acquiring an additional 425 shares in the last quarter. Finally, Sax Wealth Advisors LLC purchased a new position in shares of Xylem during the first quarter worth approximately $575,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 0.4%

NYSE XYL traded down $0.63 during midday trading on Thursday, hitting $143.99. 961,010 shares of the company traded hands, compared to its average volume of 1,237,550. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.33. The company's 50-day simple moving average is $135.71 and its 200-day simple moving average is $126.80. The company has a market cap of $35.05 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. 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 released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company posted $1.09 EPS. The business'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 research analysts forecast 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. Shareholders 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 of this dividend is Thursday, August 28th. Xylem's dividend payout ratio is presently 41.56%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $152.29.

Xylem 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.