Xylem Inc. $XYL Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its holdings in Xylem Inc. by 17.3%, bringing its ownership to about 0.27% of the company.
• Recent analyst coverage has resulted in target prices for Xylem ranging from $148.00 to $175.00, with a consensus average rating of "Moderate Buy."
• Xylem has announced a quarterly dividend of $0.40 per share, translating to an annual yield of 1.1%.

Wellington Management Group LLP trimmed its stake in Xylem Inc. (NYSE:XYL - Free Report) by 17.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 656,035 shares of the industrial products company's stock after selling 137,344 shares during the period. Wellington Management Group LLP owned about 0.27% of Xylem worth $78,370,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in XYL. Northern Trust Corp grew its stake in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after buying an additional 966,399 shares in the last quarter. Nuveen LLC acquired a new position in Xylem in the 1st quarter valued at about $99,726,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Xylem by 390.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Xylem during the first quarter worth about $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Xylem during the fourth quarter worth about $83,139,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on XYL. JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. UBS Group raised their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus raised their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $151.57.

Xylem Stock Performance

Shares of NYSE:XYL traded down $0.9850 on Monday, reaching $142.7550. The company's stock had a trading volume of 897,193 shares, compared to its average volume of 1,243,124. The stock has a market capitalization of $34.75 billion, a P/E ratio of 37.08, a PEG ratio of 2.49 and a beta of 1.11. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The stock's 50-day moving average is $134.57 and its two-hundred day moving average is $126.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

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.