Mirova Has $10.30 Million Stock Position in Xylem Inc. $XYL

Key Points

• Mirova increased its stake in Xylem Inc. by 2.7%, now owning 86,221 shares valued at approximately $10.3 million, making Xylem its 11th largest position.
• Xylem reported earnings per share (EPS) of $1.26 for the last quarter, surpassing analysts' estimates of $1.15, alongside a revenue of $2.30 billion.
• The company announced a quarterly dividend of $0.40 per share, which corresponds to an annualized dividend yield of 1.1%.

Mirova grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,221 shares of the industrial products company's stock after purchasing an additional 2,238 shares during the period. Xylem comprises approximately 1.9% of Mirova's holdings, making the stock its 11th biggest holding. Mirova's holdings in Xylem were worth $10,300,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ICONIQ Capital LLC acquired a new stake in shares of Xylem in the 1st quarter valued at $201,000. Samjo Management LLC lifted its position in Xylem by 2.1% during the 1st quarter. Samjo Management LLC now owns 20,665 shares of the industrial products company's stock worth $2,469,000 after buying an additional 425 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Xylem during the 1st quarter worth about $575,000. Kestra Advisory Services LLC lifted its position in Xylem by 1.9% during the 1st quarter. Kestra Advisory Services LLC now owns 11,560 shares of the industrial products company's stock worth $1,381,000 after buying an additional 214 shares in the last quarter. Finally, Gitterman Wealth Management LLC lifted its position in Xylem by 9.2% during the 1st quarter. Gitterman Wealth Management LLC now owns 5,828 shares of the industrial products company's stock worth $696,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Down 0.4%

NYSE XYL traded down $0.63 during trading hours on Thursday, reaching $143.99. 960,886 shares of the company's stock were exchanged, compared to its average volume of 1,456,873. The company's 50-day moving average is $135.33 and its two-hundred day moving average is $126.72. Xylem Inc. has a one year low of $100.47 and a one year high of $145.33. 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 company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last released 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 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 quarter in the prior year, the firm posted $1.09 EPS. The business's revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio is 41.56%.

Analyst Ratings Changes

XYL has been the topic of several research reports. Cowen reiterated a "hold" rating on shares of Xylem in a research report on Tuesday. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group upped their price target on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, TD Cowen upped their price target on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

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.