Patton Fund Management Inc. Takes Position in Xylem Inc. $XYL

Key Points

• Patton Fund Management Inc. has acquired a new stake in Xylem Inc., purchasing 1,897 shares valued at approximately $245,000 during the second quarter.
• Institutional investors now hold 87.96% of Xylem's stock, with significant stake increases from major firms such as Vanguard Group and Price T Rowe Associates.
• Xylem reported an earnings per share (EPS) of $1.26 for the last quarter, surpassing analyst expectations, and has established FY 2025 guidance in the range of $4.700-4.850 EPS.

Patton Fund Management Inc. bought a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,897 shares of the industrial products company's stock, valued at approximately $245,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Xylem by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after buying an additional 362,127 shares in the last quarter. Swedbank AB boosted its holdings in shares of Xylem by 13.9% during the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock valued at $564,906,000 after buying an additional 531,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Xylem by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company's stock worth $480,767,000 after purchasing an additional 274,123 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Xylem by 689.5% in the 1st 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 purchasing an additional 3,239,203 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Xylem by 2.9% in the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company's stock worth $401,743,000 after purchasing an additional 94,560 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Trading Up 1.1%

XYL stock opened at $143.03 on Friday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. 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 company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 2.47 and a beta of 1.09. The business has a 50 day simple moving average of $140.36 and a two-hundred day simple moving average of $128.58.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Xylem from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Citigroup reiterated a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Barclays assumed coverage on shares of Xylem in a research note on Friday, September 19th. They issued an "overweight" rating and a $165.00 price target on the stock. Cowen reiterated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Finally, Stifel Nicolaus upped 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.33.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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