Mirova US LLC Raises Stock Holdings in Xylem Inc. $XYL

Key Points

• Mirova US LLC raised its stock holdings in Xylem Inc. by 4.9%, acquiring an additional 94,228 shares during Q2, bringing its total to over 2 million shares, valued at approximately $258.8 million.
• Xylem Inc. reported earnings per share (EPS) of $1.26 for Q2, beating estimates by $0.11, and achieved a quarterly revenue of $2.30 billion, a 6.1% increase from the previous year.
• The company recently paid a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.1% and a payout ratio of 41.56%.

Mirova US LLC increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,000,499 shares of the industrial products company's stock after buying an additional 94,228 shares during the quarter. Xylem accounts for approximately 2.7% of Mirova US LLC's holdings, making the stock its 17th biggest holding. Mirova US LLC owned about 0.82% of Xylem worth $258,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in XYL. NBC Securities Inc. purchased a new position in Xylem during the 1st quarter valued at $72,000. Merit Financial Group LLC increased its position in Xylem by 13.0% during the 1st quarter. Merit Financial Group LLC now owns 2,707 shares of the industrial products company's stock valued at $323,000 after purchasing an additional 312 shares during the period. Wedmont Private Capital increased its position in Xylem by 6.1% during the 1st quarter. Wedmont Private Capital now owns 2,348 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 136 shares during the period. City Holding Co. increased its position in Xylem by 8.9% during the 1st quarter. City Holding Co. now owns 2,392 shares of the industrial products company's stock valued at $286,000 after purchasing an additional 196 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 419 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Xylem

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

Xylem Stock Performance

Shares of NYSE XYL opened at $148.12 on Wednesday. The firm's 50-day moving average price is $142.63 and its 200-day moving average price is $129.90. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.05 billion, a PE ratio of 38.47, a PEG ratio of 2.59 and a beta of 1.13. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $151.16.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

Analyst Ratings Changes

XYL has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus upped their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. UBS Group upped their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Xylem in a research report on Saturday, September 27th. Finally, Barclays initiated coverage on shares of Xylem in a research report on Friday, September 19th. They issued an "overweight" rating and a $165.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.33.

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.

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