QRG Capital Management Inc. Has $3.37 Million Stock Position in Xylem Inc. $XYL

Key Points

• QRG Capital Management Inc. increased its stake in Xylem Inc. by 40.3%, holding 26,022 shares valued at approximately $3.37 million as of the second quarter.
• Xylem's recent quarterly earnings report showed an EPS of $1.26, beating estimates and reflecting a 6.1% increase in revenue compared to last year.
• The company declared a quarterly dividend of $0.40 per share, translating to an annual yield of 1.1% with a payout ratio of 41.56%.

QRG Capital Management Inc. increased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 40.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,022 shares of the industrial products company's stock after acquiring an additional 7,468 shares during the period. QRG Capital Management Inc.'s holdings in Xylem were worth $3,366,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Xylem in the second quarter worth approximately $275,000. IFM Investors Pty Ltd grew its holdings in Xylem by 11.6% during the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company's stock worth $6,995,000 after buying an additional 5,617 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Xylem in the 1st quarter valued at $694,000. Farther Finance Advisors LLC lifted its stake in Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after acquiring an additional 419 shares in the last quarter. Finally, BROOKFIELD Corp ON boosted its holdings in Xylem by 26.5% during the 1st quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company's stock worth $1,956,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Xylem stock opened at $149.85 on Tuesday. The firm has a 50 day moving average price of $142.31 and a 200-day moving average price of $129.77. The company has a quick ratio of 1.43, a current ratio of 1.90 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 $151.16. The company has a market capitalization of $36.47 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.59 and a beta of 1.13.

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

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XYL shares. Barclays began coverage on shares of Xylem in a report on Friday, September 19th. They issued an "overweight" rating and a $165.00 target price for the company. TD Cowen upped their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. Citigroup reissued a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Weiss Ratings restated a "buy (b)" rating on shares of Xylem in a research note on Saturday, September 27th. Finally, Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.33.

Insider Buying and Selling at Xylem

In related 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 value of $139,960.00. Following the completion of the sale, the chief accounting officer owned 2,957 shares of the company's stock, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

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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