1,972 Shares in Xylem Inc. $XYL Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services Inc acquired 1,972 shares of Xylem Inc. valued at approximately $236,000 in the first quarter of the year.
• Analysts have issued a consensus rating of "Moderate Buy" for Xylem, with a price target of $151.57 based on multiple upgrades from firms including Citigroup and UBS Group.
• Xylem recently announced a quarterly dividend of $0.40, which represents an annualized dividend yield of 1.1% and will be distributed on September 25th.

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,972 shares of the industrial products company's stock, valued at approximately $236,000.

A number of other large investors have also added to or reduced their stakes in XYL. NewEdge Advisors LLC grew its stake in Xylem by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,019 shares of the industrial products company's stock valued at $466,000 after purchasing an additional 112 shares in the last quarter. First Trust Advisors LP raised its position in shares of Xylem by 0.8% in the 4th quarter. First Trust Advisors LP now owns 618,183 shares of the industrial products company's stock valued at $71,722,000 after purchasing an additional 4,937 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Xylem by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,828,304 shares of the industrial products company's stock valued at $212,127,000 after buying an additional 118,692 shares during the last quarter. Norinchukin Bank The grew its position in shares of Xylem by 9.8% during the fourth quarter. Norinchukin Bank The now owns 10,988 shares of the industrial products company's stock worth $1,275,000 after buying an additional 979 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Xylem by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 64,278 shares of the industrial products company's stock worth $7,458,000 after buying an additional 1,145 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XYL. Stifel Nicolaus upped their price target on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. UBS Group lifted their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.57.

Xylem Stock Performance

Shares of NYSE XYL traded up $3.4010 during mid-day trading on Friday, hitting $143.6210. The company had a trading volume of 1,186,118 shares, compared to its average volume of 1,212,842. The stock has a market cap of $34.96 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.43 and a beta of 1.11. The firm's 50 day simple moving average is $134.27 and its two-hundred day simple moving average is $126.45. 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 12 month low of $100.47 and a 12 month high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the business posted $1.09 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

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

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.