Lecap Asset Management Ltd. Buys New Stake in Xylem Inc. $XYL

Key Points

• Lecap Asset Management Ltd. has acquired a new stake in Xylem Inc., purchasing 4,357 shares valued at approximately $564,000 during the second quarter of 2023.
• Research analysts have recently given Xylem a range of ratings, with TD Cowen raising their price target from $125 to $130 while several others upgraded their ratings, culminating in an average price target of $152.33.
• Xylem reported earnings of $1.26 per share in its last quarterly results, surpassing analyst estimates of $1.15, with a revenue of $2.30 billion for the quarter.

Lecap Asset Management Ltd. acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,357 shares of the industrial products company's stock, valued at approximately $564,000.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. lifted its stake in shares of Xylem by 84.9% in the 1st 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 during the period. Perkins Coie Trust Co bought a new stake in Xylem during the first quarter worth approximately $27,000. Maseco LLP acquired a new stake in Xylem in the second quarter worth approximately $31,000. Center for Financial Planning Inc. boosted its stake in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its position in shares of Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XYL shares. TD Cowen raised their target price on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays initiated coverage on shares of Xylem in a research note on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective on the stock. Cowen reissued a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Finally, Mizuho lifted their price target on shares of Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $152.33.

Xylem Price Performance

Shares of XYL opened at $149.02 on Friday. The business's 50-day moving average is $141.61 and its 200-day moving average is $129.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The company has a market capitalization of $36.27 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 2.56 and a beta of 1.13. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $149.93.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Xylem'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 research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem's payout ratio is 41.56%.

Insider Buying and Selling

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were 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 in the company, valued at approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

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.

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