Public Sector Pension Investment Board Has $3.95 Million Stake in Xylem Inc. $XYL

Public Sector Pension Investment Board decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 74.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,068 shares of the industrial products company's stock after selling 98,913 shares during the quarter. Public Sector Pension Investment Board's holdings in Xylem were worth $3,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First American Trust FSB boosted its stake in Xylem by 4.2% during the 1st quarter. First American Trust FSB now owns 44,653 shares of the industrial products company's stock worth $5,334,000 after acquiring an additional 1,812 shares during the last quarter. Nuveen LLC acquired a new stake in Xylem during the 1st quarter worth approximately $99,726,000. Strengthening Families & Communities LLC raised its holdings in Xylem by 4.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 20,175 shares of the industrial products company's stock worth $2,420,000 after buying an additional 894 shares during the period. King Luther Capital Management Corp raised its holdings in Xylem by 0.8% during the 1st quarter. King Luther Capital Management Corp now owns 982,470 shares of the industrial products company's stock worth $117,366,000 after buying an additional 8,148 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Xylem by 5.3% in the first quarter. Benjamin Edwards Inc. now owns 16,367 shares of the industrial products company's stock valued at $1,955,000 after buying an additional 821 shares during the period. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on XYL shares. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Citigroup reiterated a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group increased their target price on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $151.57.

Xylem Stock Down 0.0%

Shares of NYSE:XYL traded down $0.0180 during trading on Wednesday, hitting $141.8120. 1,234,814 shares of the company were exchanged, compared to its average volume of 1,472,917. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 2.44 and a beta of 1.11. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The firm has a fifty day moving average price of $133.35 and a two-hundred day moving average price of $126.12. 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 (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for 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 business's quarterly revenue was up 6.1% on a year-over-year basis. 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. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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