MBB Public Markets I LLC Buys Shares of 2,691 Xylem Inc. $XYL

Key Points

• MBB Public Markets I LLC acquired a new stake of 2,691 shares in Xylem Inc., valued at approximately $321,000, during the first quarter.
• Xylem has seen a range of institutional investors increase their stakes, with ownership by institutional investors and hedge funds now at 87.96%.
• Analysts have set a new average price target of $152.29 for Xylem shares, with the current stock price opening at $139.91.

MBB Public Markets I LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,691 shares of the industrial products company's stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Vancity Investment Management Ltd purchased a new stake in Xylem during the first quarter worth approximately $4,474,000. Meiji Yasuda Life Insurance Co lifted its stake in Xylem by 17.8% during the first quarter. Meiji Yasuda Life Insurance Co now owns 17,560 shares of the industrial products company's stock worth $2,098,000 after purchasing an additional 2,657 shares during the last quarter. United Services Automobile Association purchased a new stake in Xylem during the first quarter worth approximately $655,000. Fred Alger Management LLC purchased a new stake in Xylem during the first quarter worth approximately $439,000. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Xylem by 55.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 5,781 shares of the industrial products company's stock worth $691,000 after purchasing an additional 2,058 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of Xylem stock traded down $0.25 on Friday, reaching $141.55. 1,432,800 shares of the stock were exchanged, compared to its average volume of 1,444,881. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $138.01 and a two-hundred day moving average price of $127.52. The firm has a market capitalization of $34.45 billion, a PE ratio of 36.77, a PEG ratio of 2.38 and a beta of 1.09.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Xylem's quarterly revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XYL shares. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. TD Cowen boosted their price objective 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 Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Mizuho increased their price target on shares of Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Cowen restated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.75.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This trade represents a 25.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.