Xylem Inc. $XYL Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP reduced its stake in Xylem Inc. by 5.1%, now holding 213,941 shares valued at approximately $25.6 million.
• Xylem reported EPS of $1.26 for the last quarter, beating estimates, and set a FY 2025 guidance of 4.700-4.850 EPS.
• The company announced a quarterly dividend of $0.40 per share, with a yield of 1.1%, to be paid on September 25th.

Korea Investment CORP trimmed its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,941 shares of the industrial products company's stock after selling 11,538 shares during the period. Korea Investment CORP owned approximately 0.09% of Xylem worth $25,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. increased its stake in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Keel Point LLC increased its position in Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after purchasing an additional 93 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Xylem by 3.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock worth $412,000 after purchasing an additional 99 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Finally, Ascent Wealth Partners LLC raised its stake in shares of Xylem by 0.7% in the 1st quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company's stock valued at $1,700,000 after acquiring an additional 101 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the topic of a number of research reports. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group increased their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Stock Up 2.4%

XYL stock traded up $3.4010 during mid-day trading on Friday, hitting $143.6210. 1,186,118 shares of the company were exchanged, compared to its average volume of 1,212,842. The company has a market capitalization of $34.96 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The firm has a fifty day simple moving average of $134.27 and a 200 day simple moving average of $126.45.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share 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 analyst estimates of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal 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 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 is Thursday, August 28th. Xylem's dividend payout ratio (DPR) is 41.56%.

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.