Xylem Inc. $XYL Position Cut by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its holdings in Xylem Inc. by 4.9% during the 2nd quarter, now owning 46,974 shares valued at $6,077,000.
• Several analysts have upgraded Xylem's rating, with Mizuho raising the price objective from $125.00 to $140.00 and Zacks Research giving it a "strong-buy" rating.
• Xylem recently declared a quarterly dividend of $0.40 per share, translating to an annualized yield of 1.1%.

Fifth Third Bancorp reduced its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,974 shares of the industrial products company's stock after selling 2,404 shares during the quarter. Fifth Third Bancorp's holdings in Xylem were worth $6,077,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Covea Finance grew its stake in shares of Xylem by 34.8% in the second quarter. Covea Finance now owns 184,547 shares of the industrial products company's stock worth $23,873,000 after purchasing an additional 47,646 shares in the last quarter. Harrington Investments INC grew its position in Xylem by 0.5% in the 2nd quarter. Harrington Investments INC now owns 21,962 shares of the industrial products company's stock valued at $2,841,000 after buying an additional 120 shares in the last quarter. Park Avenue Securities LLC bought a new position in Xylem in the 2nd quarter valued at about $378,000. Farther Finance Advisors LLC increased its stake in Xylem by 11.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,004 shares of the industrial products company's stock valued at $259,000 after buying an additional 207 shares during the period. Finally, AFG Fiduciary Services Limited Partnership bought a new stake in shares of Xylem during the 2nd quarter worth about $275,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XYL. Mizuho increased their price objective on shares of Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays began coverage on Xylem in a report on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and an average target price of $152.33.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at $413,861.72. The trade was a 25.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Xylem Trading Down 0.0%

NYSE:XYL opened at $141.43 on Friday. The stock has a fifty day simple moving average of $140.16 and a 200 day simple moving average of $128.41. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm earned $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. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed 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 was Thursday, August 28th. Xylem's payout ratio is presently 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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