Strs Ohio Takes Position in Xylem Inc. $XYL

Key Points

• Strs Ohio has acquired a new stake in Xylem Inc., purchasing 90,247 shares valued at approximately $10.78 million in the first quarter.
• Several institutional investors have increased their positions in Xylem, with 87.96% of the company's stock now owned by such investors.
• Xylem's recent earnings report showed an EPS of $1.26, exceeding estimates, and the company also announced a quarterly dividend of $0.40 per share.

Strs Ohio purchased a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 90,247 shares of the industrial products company's stock, valued at approximately $10,781,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XYL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Xylem by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,729 shares of the industrial products company's stock valued at $4,725,000 after purchasing an additional 1,021 shares during the period. OMERS ADMINISTRATION Corp boosted its position in Xylem by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 10,070 shares of the industrial products company's stock worth $1,168,000 after acquiring an additional 1,716 shares during the period. Nomura Holdings Inc. acquired a new position in Xylem during the 4th quarter worth $1,463,000. Quantinno Capital Management LP boosted its position in Xylem by 148.9% during the 4th quarter. Quantinno Capital Management LP now owns 35,614 shares of the industrial products company's stock worth $4,132,000 after acquiring an additional 21,306 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in Xylem by 11.4% during the 4th quarter. Rafferty Asset Management LLC now owns 22,693 shares of the industrial products company's stock worth $2,633,000 after acquiring an additional 2,327 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Mizuho boosted their price objective on Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday. Stifel Nicolaus boosted their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup reissued a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Cowen reissued a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.75.

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the transaction, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Xylem Stock Down 0.2%

Shares of Xylem stock opened at $141.55 on Friday. The stock's fifty day moving average is $138.19 and its 200-day moving average is $127.61. The firm has a market capitalization of $34.45 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. 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 12-month low of $100.47 and a 12-month high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. The company 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%.Xylem's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

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

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