Xylem Inc. $XYL Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Xylem Inc. by 36.9%, owning a total of 151,098 shares valued at approximately $18 million.
• Xylem reported $1.26 earnings per share for the last quarter, exceeding expectations and showcasing a 6.1% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.40 per share, with an annualized dividend yield of 1.1%, scheduled for payment on September 25th.

Gotham Asset Management LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 36.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,098 shares of the industrial products company's stock after buying an additional 40,760 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Xylem worth $18,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. raised its position in shares of Xylem by 1.6% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 57,896 shares of the industrial products company's stock worth $6,916,000 after acquiring an additional 924 shares in the last quarter. Eventide Asset Management LLC acquired a new position in Xylem in the 1st quarter valued at about $13,250,000. Cinctive Capital Management LP acquired a new position in Xylem in the 1st quarter valued at about $1,250,000. Banque Transatlantique SA increased its position in Xylem by 455.8% in the 1st quarter. Banque Transatlantique SA now owns 2,740 shares of the industrial products company's stock valued at $302,000 after acquiring an additional 2,247 shares during the period. Finally, AQR Capital Management LLC increased its position in Xylem by 14.4% in the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company's stock valued at $3,645,000 after acquiring an additional 3,900 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. UBS Group upped their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. TD Cowen upped their target price on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Finally, Citigroup reiterated a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.29.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business'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 owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Xylem Trading Up 0.2%

Shares of Xylem stock traded up $0.26 during trading hours on Wednesday, reaching $137.81. The stock had a trading volume of 779,176 shares, compared to its average volume of 1,440,581. The firm has a 50 day simple moving average of $137.70 and a two-hundred day simple moving average of $127.36. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 2.42 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. 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 released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 6.1% compared to the same quarter last year. 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, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 28th. Xylem's payout ratio is currently 41.56%.

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.