SVB Wealth LLC Sells 3,383 Shares of Xylem Inc. $XYL

Key Points

• SVB Wealth LLC reduced its stake in Xylem Inc. by 34.6%, now holding 6,399 shares worth approximately $764,000 as of its latest SEC filing.
• Xylem reported a quarterly EPS of $1.26, exceeding estimates and showing a 6.1% increase in revenue year-over-year, with projected FY 2025 EPS guidance set between $4.700 and $4.850.
• The company announced a quarterly dividend of $0.40 per share, with an upcoming payment set for September 25th, yielding 1.1% annually.

SVB Wealth LLC lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 34.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,399 shares of the industrial products company's stock after selling 3,383 shares during the period. SVB Wealth LLC's holdings in Xylem were worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XYL. Valley National Advisers Inc. increased its stake in shares of Xylem by 84.9% during the 1st 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 last quarter. Perkins Coie Trust Co purchased a new stake in shares of Xylem during the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. increased its stake in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after purchasing an additional 145 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Xylem during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XYL shares. UBS Group raised their price target on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. TD Cowen upped their price target on shares of Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. Finally, Citigroup restated a "buy" rating and set a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.29.

Xylem Trading Down 1.1%

Shares of NYSE XYL traded down $1.63 during mid-day trading on Friday, hitting $142.38. The stock had a trading volume of 269,580 shares, compared to its average volume of 1,449,553. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The business has a 50 day moving average price of $135.71 and a two-hundred day moving average price of $126.80. The firm has a market cap of $34.66 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.20 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem's dividend payout ratio 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.