Night Squared LP Takes $1.54 Million Position in Xylem Inc. $XYL

Key Points

• Night Squared LP invested approximately $1.54 million in Xylem Inc., acquiring 12,850 shares during the first quarter.
• Several institutional investors have significantly increased their stakes in Xylem, with 87.96% of its stock owned by such investors and hedge funds.
• Xylem's stock received upgrades and positive price target adjustments from multiple analysts, with an average price target of $152.29 and a consensus rating of "Moderate Buy".

Night Squared LP acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,850 shares of the industrial products company's stock, valued at approximately $1,535,000.

A number of other hedge funds also recently added to or reduced their stakes in XYL. Price T Rowe Associates Inc. MD lifted its stake in Xylem by 689.5% in 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 acquiring an additional 3,239,203 shares during the period. Nuveen LLC acquired a new position in Xylem in the 1st quarter worth approximately $99,726,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Xylem by 390.5% in 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. purchased a new stake in Xylem in the 1st quarter worth approximately $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Xylem in the 4th quarter worth approximately $83,139,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Stifel Nicolaus lifted their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. UBS Group raised their price objective on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

Xylem Stock Performance

NYSE XYL traded down $0.90 on Wednesday, reaching $139.45. The stock had a trading volume of 1,081,359 shares, compared to its average volume of 1,451,917. 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 Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The business's 50-day moving average price is $136.63 and its 200 day moving average price is $127.00. The stock has a market cap of $33.94 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm'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. As a group, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

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

About Xylem

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.