Vident Advisory LLC Raises Stock Position in Xylem Inc. $XYL

Key Points

• Vident Advisory LLC increased its stake in Xylem Inc. by 59.2%, now holding 5,322 shares valued at $636,000. This reflects a broader trend of institutional investors increasing their holdings in the company.
• Several research firms have recently adjusted their ratings for Xylem, with UBS Group raising the price target from $164.00 to $168.00 and maintaining a "buy" rating.
• Xylem has declared a quarterly dividend of $0.40 per share, which is set to be paid on September 25th, representing an annualized yield of 1.1%.

Vident Advisory LLC lifted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 59.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,322 shares of the industrial products company's stock after buying an additional 1,979 shares during the period. Vident Advisory LLC's holdings in Xylem were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new stake in shares of Xylem in the first quarter valued at approximately $694,000. Farther Finance Advisors LLC lifted its stake in Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares during the last quarter. NBC Securities Inc. bought a new stake in Xylem during the first quarter worth $72,000. GAMMA Investing LLC lifted its stake in Xylem by 29.1% during the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock worth $507,000 after purchasing an additional 956 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Xylem by 19.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock worth $3,251,000 after purchasing an additional 4,429 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XYL shares. Cowen restated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. TD Cowen increased their price objective on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. began 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. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average price target of $152.29.

Xylem Stock Performance

Xylem stock traded up $4.02 during mid-day trading on Thursday, reaching $141.75. The company's stock had a trading volume of 1,705,284 shares, compared to its average volume of 1,032,381. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The company has a market capitalization of $34.50 billion, a P/E ratio of 36.82, a PEG ratio of 2.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The firm's fifty day moving average price is $138.01 and its two-hundred day moving average price is $127.52.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business earned $1.09 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business 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 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 is presently 41.56%.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total value 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 $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by insiders.

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.