Perpetual Ltd Sells 8,199 Shares of Xylem Inc. $XYL

Key Points

• Perpetual Ltd has reduced its stake in Xylem Inc. by selling 8,199 shares, now holding approximately 145,415 shares valued at about $18.8 million.
• Xylem recently reported earnings exceeding analyst expectations with $1.26 EPS and a quarterly revenue of $2.30 billion, marking a 6.1% increase compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, equating to an annual yield of 1.1%, payable to shareholders on September 25th.

Perpetual Ltd lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,415 shares of the industrial products company's stock after selling 8,199 shares during the quarter. Perpetual Ltd owned approximately 0.06% of Xylem worth $18,811,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. USS Investment Management Ltd grew its position in shares of Xylem by 51.0% during the 4th quarter. USS Investment Management Ltd now owns 26,694 shares of the industrial products company's stock valued at $3,098,000 after acquiring an additional 9,017 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Xylem during the 4th quarter valued at approximately $381,000. Connecticut Wealth Management LLC bought a new position in shares of Xylem during the 4th quarter valued at approximately $536,000. Toronto Dominion Bank grew its position in shares of Xylem by 6.4% during the 4th quarter. Toronto Dominion Bank now owns 129,998 shares of the industrial products company's stock valued at $15,082,000 after acquiring an additional 7,869 shares during the period. Finally, Wormser Freres Gestion grew its position in shares of Xylem by 11.9% during the 4th quarter. Wormser Freres Gestion now owns 6,947 shares of the industrial products company's stock valued at $829,000 after acquiring an additional 740 shares during the period. Institutional investors own 87.96% of the company's stock.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the transaction, the chief accounting officer owned 2,957 shares of the company's stock, valued at $413,861.72. The trade was a 25.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by insiders.

Xylem Stock Up 0.5%

XYL stock opened at $142.83 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $34.77 billion, a PE ratio of 37.10, a PEG ratio of 2.46 and a beta of 1.09. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The stock has a 50-day simple moving average of $139.24 and a two-hundred day simple moving average of $128.05.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results 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. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. UBS Group boosted their price objective on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Mizuho boosted their price objective on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Stifel Nicolaus boosted their price objective on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Barclays assumed coverage on Xylem in a research note on Friday. They issued an "overweight" rating and a $165.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $152.33.

Xylem Company 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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