Nissay Asset Management Corp Japan ADV Sells 8,465 Shares of Xylem Inc. $XYL

Key Points

• Nissay Asset Management Corp Japan ADV has reduced its stake in Xylem Inc. by 20%, selling 8,465 shares and holding 33,807 shares valued at $4,039,000.
• Xylem's recent earnings report revealed an EPS of $1.26, surpassing estimates, with a revenue of $2.30 billion for the quarter, up 6.1% year-over-year.
• The company announced a quarterly dividend of $0.40, representing a 1.1% yield, with the payment scheduled for September 25th.

Nissay Asset Management Corp Japan ADV lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,807 shares of the industrial products company's stock after selling 8,465 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Xylem were worth $4,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. increased its position in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the period. Perkins Coie Trust Co bought a new position in Xylem during the first quarter worth $27,000. Center for Financial Planning Inc. increased its position in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the period. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter worth $36,000. Finally, Headlands Technologies LLC increased its position in Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after acquiring an additional 145 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Down 1.0%

Shares of NYSE:XYL opened at $140.52 on Monday. Xylem Inc. has a 52 week low of $100.47 and a 52 week 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's fifty day moving average is $137.36 and its 200-day moving average is $127.20. The company has a market capitalization of $34.20 billion, a PE ratio of 36.50, a P/E/G ratio of 2.43 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results 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 company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analyst Ratings Changes

XYL has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. TD Cowen lifted their price target on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their price target on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.29.

Insider Activity at Xylem

In related 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 transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.