R Squared Ltd Invests $459,000 in Xylem Inc. $XYL

Key Points

• R Squared Ltd has made a new investment in Xylem Inc., acquiring 3,545 shares valued at approximately $459,000 during the second quarter.
• In addition to R Squared Ltd, multiple institutional investors have significantly increased their stakes in Xylem, with over 87.96% of the stock currently owned by institutional investors.
• Xylem recently received upgrades from several research firms, including a buy rating from Wall Street Zen and a price target increase from Citigroup from $168.00 to $173.00.

R Squared Ltd acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,545 shares of the industrial products company's stock, valued at approximately $459,000.

Other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. increased its stake in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares during the period. Maseco LLP acquired a new stake in Xylem during the second quarter worth about $31,000. ST Germain D J Co. Inc. grew its position in Xylem by 950.0% during the second quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after buying an additional 228 shares in the last quarter. Headlands Technologies LLC grew its position in Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after buying an additional 145 shares in the last quarter. Finally, Signature Resources Capital Management LLC acquired a new stake in Xylem during the second quarter worth about $39,000. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XYL. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays started coverage on Xylem in a research report on Friday, September 19th. They set an "overweight" rating and a $165.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Xylem in a report on Friday. Citigroup lifted their price objective on Xylem from $168.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Finally, Cowen reaffirmed a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.67.

Xylem Stock Up 0.4%

Shares of XYL opened at $148.31 on Friday. The company has a market capitalization of $36.10 billion, a P/E ratio of 38.52, a PEG ratio of 2.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. Xylem Inc. has a one year low of $100.47 and a one year high of $151.16. The business's 50 day simple moving average is $143.79 and its 200-day simple moving average is $132.56.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate 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 return on equity of 10.33% and a net margin of 10.74%.Xylem's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

About Xylem

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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