Wealth Enhancement Advisory Services LLC Decreases Stock Position in Xylem Inc. $XYL

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Xylem Inc. by 33.7%, now holding 33,887 shares valued at approximately $4.48 million after selling 17,195 shares in the second quarter.
• Recent analyst reports show a positive outlook for Xylem, with Mizuho raising the price target to $140 and Zacks upgrading it to a "strong-buy" rating, contributing to an overall consensus target price of $152.33.
• Xylem also announced a quarterly dividend of $0.40 per share, translating to an annual yield of 1.1%, with a dividend payout ratio of 41.56%.

Wealth Enhancement Advisory Services LLC cut its stake in Xylem Inc. (NYSE:XYL - Free Report) by 33.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,887 shares of the industrial products company's stock after selling 17,195 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Xylem were worth $4,483,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. boosted its stake 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 worth $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co bought a new stake in Xylem in the first quarter worth about $27,000. Center for Financial Planning Inc. boosted its position in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Headlands Technologies LLC grew its stake in shares of Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after buying an additional 145 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Xylem in the first quarter worth approximately $40,000. Institutional investors own 87.96% of the company's stock.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was 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 approximately $413,861.72. The trade was a 25.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XYL shares. Mizuho boosted their price objective on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Zacks Research raised shares of Xylem from a "hold" rating to a "strong-buy" rating in a research note on Monday. Citigroup restated a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Stifel Nicolaus lifted their price objective on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Barclays began coverage on shares of Xylem in a research report on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.33.

Xylem Stock Down 0.0%

Shares of Xylem stock opened at $141.43 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The stock has a market cap of $34.42 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.45 and a beta of 1.09. The firm's 50-day moving average is $140.16 and its two-hundred day moving average is $128.41. Xylem Inc. has a 1 year low of $100.47 and a 1 year 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 EPS for the quarter, beating 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 analyst estimates of $2.20 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company's quarterly 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. As a group, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem's dividend payout ratio (DPR) is 41.56%.

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.

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