Mountain Pacific Investment Advisers LLC Sells 2,237 Shares of Xylem Inc. $XYL

Key Points

• Mountain Pacific Investment Advisers LLC sold 2,237 shares of Xylem Inc., reducing its stake by 0.7% to 310,915 shares, which represents approximately $40.22 million.
• Xylem's stock received positive analyst ratings, with Zacks Research upgrading it to a "strong-buy" and a consensus price target of $152.33.
• The company recently announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.1%.

Mountain Pacific Investment Advisers LLC decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,915 shares of the industrial products company's stock after selling 2,237 shares during the quarter. Xylem makes up 2.9% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 12th largest holding. Mountain Pacific Investment Advisers LLC owned about 0.13% of Xylem worth $40,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in XYL. AFG Fiduciary Services Limited Partnership purchased a new position in Xylem during the 2nd quarter valued at about $275,000. IFM Investors Pty Ltd boosted its stake in shares of Xylem by 11.6% during the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company's stock valued at $6,995,000 after purchasing an additional 5,617 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Xylem during the first quarter valued at approximately $694,000. Farther Finance Advisors LLC raised its stake in Xylem by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after buying an additional 419 shares in the last quarter. Finally, BROOKFIELD Corp ON lifted its holdings in Xylem by 26.5% during the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company's stock worth $1,956,000 after buying an additional 3,430 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of analyst reports. Zacks Research upgraded Xylem from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. UBS Group increased their price target on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. TD Cowen lifted their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. Finally, Mizuho increased their target price on shares of Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.33.

Xylem Price Performance

Shares of NYSE XYL opened at $148.02 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $148.12. The business's 50 day moving average price is $141.26 and its 200 day moving average price is $129.05. The firm has a market cap of $36.03 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.55 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate 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 firm earned $1.09 EPS. The business's revenue for the quarter 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, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

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

Insiders Place Their Bets

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

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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