Price T Rowe Associates Inc. MD Acquires 3,239,203 Shares of Xylem Inc. $XYL

Key Points

• Price T Rowe Associates Inc. has significantly increased its stake in Xylem Inc. by 689.5%, acquiring an additional 3,239,203 shares, which brings their total ownership to approximately 3.7 million shares valued at $443 million.
• Xylem reported earnings of $1.26 per share for the last quarter, surpassing analysts' expectations, along with a revenue of $2.30 billion, marking a 6.1% increase compared to the previous year.
• The company recently announced a quarterly dividend of $0.40 per share, with an ex-dividend date on August 28th, indicating a dividend yield of 1.1%.

Price T Rowe Associates Inc. MD grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 689.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,708,963 shares of the industrial products company's stock after buying an additional 3,239,203 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.52% of Xylem worth $443,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. Capital Fund Management S.A. bought a new stake in Xylem in the 1st quarter valued at about $4,445,000. Groupama Asset Managment increased its stake in Xylem by 5.6% during the 1st quarter. Groupama Asset Managment now owns 17,635 shares of the industrial products company's stock valued at $2,106,000 after buying an additional 943 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Xylem by 14.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 160,509 shares of the industrial products company's stock valued at $19,174,000 after buying an additional 20,006 shares during the period. Hsbc Holdings PLC increased its stake in Xylem by 10.2% during the 1st quarter. Hsbc Holdings PLC now owns 1,490,931 shares of the industrial products company's stock valued at $177,969,000 after buying an additional 137,972 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Xylem in the 1st quarter worth approximately $236,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XYL. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird dropped their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group boosted their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. 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 report on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.57.

Xylem Trading Down 0.7%

Shares of NYSE:XYL traded down $0.9850 during mid-day trading on Monday, reaching $142.7550. The stock had a trading volume of 897,193 shares, compared to its average volume of 1,243,124. The firm has a market cap of $34.75 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The firm has a 50 day simple moving average of $134.57 and a two-hundred day simple moving average of $126.47. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid 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 dividend payout ratio is presently 41.56%.

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.