Gamco Investors INC. ET AL Sells 20,651 Shares of Xylem Inc. $XYL

Key Points

• Gamco Investors reduced its stake in Xylem Inc. by 5.2%, owning approximately $45.22 million worth of the company's stock after selling 20,651 shares in the 1st quarter.
• Xylem recently announced a quarterly dividend of $0.40, with a dividend yield of 1.1% and a payout ratio of 41.56%.
• Xylem's stock price has fluctuated between a 52-week low of $100.47 and a high of $145.33, and analysts have a consensus rating of "Moderate Buy" with an average price target of $152.29.

Gamco Investors INC. ET AL cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 378,519 shares of the industrial products company's stock after selling 20,651 shares during the quarter. Gamco Investors INC. ET AL owned 0.16% of Xylem worth $45,218,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xylem by 689.5% during the 1st 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 buying an additional 3,239,203 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after buying an additional 966,399 shares during the last quarter. Nuveen LLC acquired a new position in shares of Xylem during the first quarter worth approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Xylem by 390.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after buying an additional 813,100 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Xylem during the first quarter worth approximately $89,828,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL traded down $0.63 on Thursday, reaching $143.99. 961,010 shares of the stock traded hands, compared to its average volume of 1,237,550. The stock's 50-day moving average price is $135.71 and its 200-day moving average price is $126.80. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The firm has a market cap of $35.05 billion, a price-to-earnings ratio of 37.40, a P/E/G 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 data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (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 prior year, the company posted $1.09 earnings per share. 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. Equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem's dividend payout ratio is currently 41.56%.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. TD Cowen upped their price target on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday. Stifel Nicolaus boosted their price objective on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Robert W. Baird lowered their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

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.