Stoneridge Investment Partners LLC Reduces Position in Xylem Inc. $XYL

Key Points

• Stoneridge Investment Partners LLC cut its stake in Xylem Inc. (NYSE:XYL) by 57.2%, now holding 13,839 shares valued at approximately $1.65 million.
• Xylem recently reported a EPS of $1.26, exceeding expectations of $1.15, alongside a revenue of $2.30 billion for the last quarter.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.1%, payable on September 25th.

Stoneridge Investment Partners LLC trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 57.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,839 shares of the industrial products company's stock after selling 18,514 shares during the period. Xylem accounts for about 1.4% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 24th biggest holding. Stoneridge Investment Partners LLC's holdings in Xylem were worth $1,653,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Valley National Advisers Inc. raised its stake in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in Xylem in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. grew its holdings in Xylem by 52.0% in the 1st 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 in the last quarter. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter worth about $36,000. Finally, Headlands Technologies LLC raised its position in shares of Xylem by 90.6% in 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 in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XYL. Royal Bank Of Canada lifted their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Stifel Nicolaus increased their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, UBS Group boosted their price target on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $151.57.

Xylem Price Performance

XYL traded up $3.4010 during trading on Friday, reaching $143.6210. The stock had a trading volume of 1,186,118 shares, compared to its average volume of 1,212,842. The stock has a market cap of $34.96 billion, a PE ratio of 37.30, a PEG ratio of 2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem Inc. has a one year low of $100.47 and a one year high of $145.33. The business has a 50-day moving average of $134.27 and a 200-day moving average of $126.45.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.20 billion. During the same period last year, the firm earned $1.09 earnings per share. The company's revenue for the quarter 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, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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