Mirae Asset Global Investments Co. Ltd. Purchases 2,390 Shares of Xylem Inc. $XYL

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Xylem Inc. by 7.1% in Q2, acquiring an additional 2,390 shares, bringing its total ownership to 36,094 shares valued at $4,669,000.
• Other institutional investors significantly boosted their positions in Xylem, including Price T Rowe Associates with a 689.5% increase and Nuveen LLC acquiring a new stake worth approximately $99.7 million.
• Xylem declared a quarterly dividend of $0.40 per share, with an annualized yield of 1.1%, while the company reported a Q2 earnings per share of $1.26, beating analysts' estimates.

Mirae Asset Global Investments Co. Ltd. lifted its position in Xylem Inc. (NYSE:XYL - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,094 shares of the industrial products company's stock after buying an additional 2,390 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Xylem were worth $4,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Price T Rowe Associates Inc. MD raised its position in shares of Xylem by 689.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock worth $443,074,000 after purchasing an additional 3,239,203 shares during the period. Nuveen LLC acquired a new stake in Xylem during the 1st quarter worth approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Xylem by 390.5% during the 1st 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 period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Xylem in the first quarter valued at approximately $89,828,000. Finally, Swedbank AB increased its position in shares of Xylem by 13.9% during the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock worth $564,906,000 after acquiring an additional 531,890 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the 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 owned 2,957 shares in the company, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays began coverage on shares of Xylem in a research report on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective on the stock. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Mizuho increased their price objective on Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Cowen reissued a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Finally, TD Cowen upped their price target on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $152.33.

Xylem Stock Performance

XYL opened at $149.85 on Tuesday. The business's 50-day simple moving average is $142.31 and its 200 day simple moving average is $129.77. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $151.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The firm has a market capitalization of $36.47 billion, a PE ratio of 38.92, a PEG ratio of 2.59 and a beta of 1.13.

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, beating 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 during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $1.09 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, sell-side analysts expect 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 was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem's dividend payout ratio 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.

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