37,452 Shares in Xylem Inc. $XYL Bought by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd has invested approximately $4.47 million in Xylem Inc. by purchasing 37,452 shares during the first quarter.
• Xylem's recent quarterly earnings exceeded analyst expectations, reporting an EPS of $1.26, compared to a consensus estimate of $1.15, alongside a revenue of $2.30 billion.
• The company declared a quarterly dividend of $0.40 per share, which will be paid on September 25th, representing an annual yield of 1.1% and a payout ratio of 41.56%.

Vancity Investment Management Ltd purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,452 shares of the industrial products company's stock, valued at approximately $4,474,000.

Several other institutional investors also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. boosted its position in Xylem by 84.9% during the first 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 period. Perkins Coie Trust Co bought a new position in Xylem during the first quarter worth about $27,000. Center for Financial Planning Inc. boosted its position in Xylem by 52.0% during the first 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 period. Headlands Technologies LLC boosted its position in Xylem by 90.6% during the first 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 period. Finally, Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter worth about $36,000. Institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of XYL stock traded down $0.25 during trading hours on Friday, hitting $141.55. 1,432,790 shares of the company's stock were exchanged, compared to its average volume of 1,444,458. The company has a market capitalization of $34.45 billion, a PE ratio of 36.77, a PEG ratio of 2.38 and a beta of 1.09. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The business's 50 day simple moving average is $138.01 and its 200-day simple moving average is $127.52. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for 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 business's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

Insider Activity at Xylem

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XYL shares. 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 target price for the company. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group raised their price objective on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Mizuho raised their price objective on shares of Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $150.75.

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.