Shell Asset Management Co. Purchases 5,616 Shares of Xylem Inc. $XYL

Key Points

• Shell Asset Management Co. has increased its stake in Xylem Inc. by 8.1%, acquiring an additional 5,616 shares, raising its total holdings to 74,955 shares valued at approximately $9.7 million.
• Multiple hedge funds have also shown significant interest in Xylem, with Valley National Advisers increasing its position by 84.9% and other funds making substantial purchases in recent quarters.
• Xylem announced a quarterly dividend of $0.40 per share with a dividend yield of 1.1%, alongside its positive earnings report which beat estimates with a $1.26 EPS for the last quarter.

Shell Asset Management Co. grew its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,955 shares of the industrial products company's stock after purchasing an additional 5,616 shares during the period. Shell Asset Management Co.'s holdings in Xylem were worth $9,696,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Maseco LLP purchased a new stake in Xylem in the 2nd quarter worth about $31,000. Center for Financial Planning Inc. grew its position in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after acquiring an additional 228 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 145 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction 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 in the company, 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 SEC, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Xylem Price Performance

NYSE XYL opened at $149.85 on Tuesday. 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 business has a 50 day moving average price of $142.31 and a two-hundred day moving average price of $129.77. The stock has a market cap of $36.47 billion, a PE ratio of 38.92, a P/E/G ratio of 2.59 and a beta of 1.13. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $151.16.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results 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 company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. The business's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $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 disclosed 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. The ex-dividend date was Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XYL. Citigroup reaffirmed a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Xylem in a research report on Saturday, September 27th. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Stifel Nicolaus lifted their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Cowen reissued a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. One 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $152.33.

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.

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