Park Avenue Securities LLC Takes Position in Xylem Inc. $XYL

Key Points

• Park Avenue Securities LLC has acquired a new stake in Xylem Inc. (NYSE: XYL), purchasing 2,918 shares valued at approximately $378,000 in the second quarter.
• Xylem's recent quarterly earnings report showed an EPS of $1.26, exceeding analysts' expectations, with revenue of $2.30 billion—up 6.1% year-over-year.
• Xylem recently declared a quarterly dividend of $0.40 per share, representing an annualized yield of 1.1%, with a dividend payout ratio of 41.56%.

Park Avenue Securities LLC bought a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,918 shares of the industrial products company's stock, valued at approximately $378,000.

Several other large investors have also recently modified their holdings of XYL. Price T Rowe Associates Inc. MD increased its position in shares of Xylem by 689.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock valued at $443,074,000 after purchasing an additional 3,239,203 shares during the last quarter. Nuveen LLC bought a new position in Xylem in the 1st quarter valued at $99,726,000. OVERSEA CHINESE BANKING Corp Ltd grew its position 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 valued at $122,009,000 after acquiring an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Xylem in the 1st quarter valued at $89,828,000. Finally, Swedbank AB grew its position in Xylem by 13.9% in the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock valued at $564,906,000 after acquiring an additional 531,890 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Trading Up 2.6%

Shares of NYSE XYL opened at $147.72 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The stock has a market capitalization of $35.96 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $147.95. The business has a fifty day moving average price of $140.93 and a 200 day moving average price of $128.91.

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, topping analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

XYL has been the topic of several research analyst reports. Barclays initiated coverage on Xylem in a research report on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective on the stock. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. Citigroup reaffirmed a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Cowen reaffirmed a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Finally, Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.33.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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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