Thematics Asset Management Sells 15,000 Shares of Xylem Inc. $XYL

Key Points

• Thematics Asset Management reduced its stake in Xylem Inc. by 10.4%, selling 15,000 shares, and now owns approximately 128,669 shares valued at $15.37 million.
• Multiple institutional investors, including Vanguard and Price T Rowe Associates, have increased their positions in Xylem, with Price T Rowe Associates increasing its stake by an astonishing 689.5% in the first quarter.
• Xylem recently reported earnings of $1.26 per share, exceeding expectations, and declared a quarterly dividend of $0.40 per share, with a dividend yield of 1.1%.

Thematics Asset Management reduced its position in Xylem Inc. (NYSE:XYL - Free Report) by 10.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 128,669 shares of the industrial products company's stock after selling 15,000 shares during the period. Thematics Asset Management owned about 0.05% of Xylem worth $15,371,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Valley National Advisers Inc. raised its stake in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after buying an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Xylem during the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. raised its stake 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 period. Heck Capital Advisors LLC bought a new stake in Xylem in the 4th quarter valued at $36,000. Finally, Headlands Technologies LLC lifted its holdings 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 during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on XYL. Royal Bank Of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. 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 research note on Friday, August 1st. UBS Group increased their price target on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. initiated coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Finally, Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $152.29.

Xylem Price Performance

Shares of XYL traded down $0.63 during trading hours on Thursday, hitting $143.99. 960,886 shares of the company were exchanged, compared to its average volume of 1,456,873. 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 fifty-two week low of $100.47 and a fifty-two week high of $145.33. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 2.48 and a beta of 1.11. The firm's fifty day moving average is $135.33 and its 200 day moving average is $126.72.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Xylem's 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. On average, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem's dividend payout ratio (DPR) is 41.56%.

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.