Thurston Springer Miller Herd & Titak Inc. Grows Stake in Xylem Inc. $XYL

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Xylem Inc. by 15.3%, owning a total of 20,406 shares worth approximately $2.64 million after acquiring an additional 2,713 shares.
• Recent analyst reports have mostly rated Xylem as a "buy"** with updated target prices ranging from $130.00 to $168.00, indicating increased investor optimism.
• Xylem recently reported earnings of $1.26 per share, exceeding estimates, alongside a decision to pay a quarterly dividend of $0.40 per share, reflecting a dividend yield of 1.1%.

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,406 shares of the industrial products company's stock after purchasing an additional 2,713 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Xylem were worth $2,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XYL. Valley National Advisers Inc. grew its position 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 valued at $26,000 after purchasing an additional 101 shares in the last quarter. Perkins Coie Trust Co purchased a new position in shares of Xylem during the 1st quarter valued at $27,000. Center for Financial Planning Inc. grew its position 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 valued at $32,000 after purchasing an additional 91 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the 4th quarter valued at $36,000. Finally, Headlands Technologies LLC grew its position in Xylem by 90.6% in the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after acquiring an additional 145 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYL has been the subject of several research reports. Citigroup reiterated a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. UBS Group upped their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Mizuho upped their target price on shares of Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, TD Cowen upped their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $150.75.

Xylem Stock Performance

Xylem stock opened at $141.55 on Friday. 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 company has a market capitalization of $34.45 billion, a PE ratio of 36.77, a P/E/G ratio of 2.45 and a beta of 1.09. The firm has a fifty day simple moving average of $138.19 and a two-hundred day simple moving average of $127.61. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the transaction, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at approximately $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

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.

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