Janney Montgomery Scott LLC Trims Holdings in Xylem Inc. $XYL

Janney Montgomery Scott LLC reduced its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,266 shares of the industrial products company's stock after selling 8,693 shares during the quarter. Janney Montgomery Scott LLC's holdings in Xylem were worth $4,562,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AFG Fiduciary Services Limited Partnership bought a new position in Xylem during the second quarter worth $275,000. IFM Investors Pty Ltd increased its holdings in shares of Xylem by 11.6% during the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company's stock valued at $6,995,000 after purchasing an additional 5,617 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of Xylem during the first quarter valued at $694,000. Farther Finance Advisors LLC increased its holdings in shares of Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 419 shares during the period. Finally, BROOKFIELD Corp ON grew its holdings in Xylem by 26.5% during the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company's stock worth $1,956,000 after acquiring an additional 3,430 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on XYL. Cowen reiterated a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Xylem in a research note on Saturday, September 27th. UBS Group boosted their target price on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. Finally, TD Cowen boosted their price objective on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average target price of $152.33.

Xylem Stock Down 1.2%

Shares of Xylem stock opened at $148.12 on Wednesday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $151.16. The business has a 50-day moving average of $142.63 and a two-hundred day moving average of $129.90. The company has a market capitalization of $36.05 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.13. 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, topping the consensus estimate 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%.The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem's dividend payout ratio (DPR) is currently 41.56%.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

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.

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