Voya Investment Management LLC Acquires 35,232 Shares of Xylem Inc. $XYL

Key Points

• Voya Investment Management increased its stake in Xylem Inc. by 35%, now holding approximately 135,903 shares valued at $16.24 million.
• Xylem reported $1.26 EPS for the last quarter, surpassing analysts' expectations of $1.15, and revenue increased by 6.1% year-over-year.
• The company's upcoming dividend announcement reveals a $0.40 dividend per share with an annual yield of 1.1%, payable on September 25th.

Voya Investment Management LLC increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 35.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,903 shares of the industrial products company's stock after acquiring an additional 35,232 shares during the period. Voya Investment Management LLC owned about 0.06% of Xylem worth $16,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. grew its position in Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in Xylem during the 1st quarter worth about $27,000. Center for Financial Planning Inc. lifted its holdings in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares during the period. 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 worth $36,000 after buying an additional 145 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter worth about $36,000. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL stock traded up $0.65 during trading on Friday, hitting $142.83. The company's stock had a trading volume of 2,435,675 shares, compared to its average volume of 1,133,769. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.33. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $139.24 and a 200-day moving average of $128.05. The company has a market cap of $34.77 billion, a PE ratio of 37.10, a P/E/G ratio of 2.46 and a beta of 1.09.

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, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. The business's quarterly revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, research analysts anticipate 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. 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 currently 41.56%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XYL. Barclays began coverage on Xylem in a research note on Friday. They issued an "overweight" rating and a $165.00 price objective on the stock. UBS Group boosted their target price on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Mizuho boosted their target price on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus boosted their target price on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $152.33.

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.