National Pension Service Grows Stock Holdings in Xylem Inc. $XYL

Key Points

• The National Pension Service increased its stake in Xylem Inc. by 18.1% in Q1, acquiring an additional 54,648 shares to own a total of 356,906 shares, valued at approximately $42.6 million.
• Multiple hedge funds, including Northern Trust Corp and OVERSEA CHINESE BANKING Corp Ltd, have significantly increased their holdings in Xylem, reflecting strong institutional interest with 87.96% of shares owned by institutional investors.
• Xylem announced a quarterly dividend of $0.40 per share, which translates to a yield of 1.1%, set to be paid to shareholders on September 25th.

National Pension Service increased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,906 shares of the industrial products company's stock after purchasing an additional 54,648 shares during the quarter. National Pension Service owned 0.15% of Xylem worth $42,636,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XYL. Townsquare Capital LLC increased its holdings in shares of Xylem by 0.8% in the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after purchasing an additional 88 shares in the last quarter. Bridgewater Associates LP increased its holdings in Xylem by 59.6% during the 4th quarter. Bridgewater Associates LP now owns 2,482 shares of the industrial products company's stock valued at $288,000 after acquiring an additional 927 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Xylem by 3.6% during the 4th quarter. Evergreen Capital Management LLC now owns 5,585 shares of the industrial products company's stock valued at $648,000 after acquiring an additional 193 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Xylem by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,019 shares of the industrial products company's stock valued at $466,000 after acquiring an additional 112 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Xylem by 14.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 394,953 shares of the industrial products company's stock valued at $45,803,000 after acquiring an additional 49,460 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Up 0.0%

Xylem stock traded up $0.0010 during trading on Wednesday, reaching $141.8310. The company had a trading volume of 659,225 shares, compared to its average volume of 1,468,926. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The stock's 50 day moving average price is $133.35 and its two-hundred day moving average price is $126.12. The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

Xylem (NYSE:XYL - Get Free Report) last released its 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. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Xylem'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, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on XYL. Stifel Nicolaus raised their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Xylem has an average rating of "Moderate Buy" and a consensus price target of $151.57.

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.