Sequoia Financial Advisors LLC grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 316,485 shares of the industrial products company's stock after purchasing an additional 20,077 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.13% of Xylem worth $40,940,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. AFG Fiduciary Services Limited Partnership acquired a new position in shares of Xylem in the second quarter valued at about $275,000. IFM Investors Pty Ltd increased its holdings in shares of Xylem by 11.6% in the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company's stock valued at $6,995,000 after purchasing an additional 5,617 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of Xylem in the first quarter valued at about $694,000. Farther Finance Advisors LLC increased its holdings in shares of Xylem by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 419 shares during the period. Finally, BROOKFIELD Corp ON increased its holdings in shares of Xylem by 26.5% in the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company's stock valued at $1,956,000 after purchasing an additional 3,430 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on XYL. Barclays started coverage on Xylem in a report on Friday, September 19th. They issued an "overweight" rating and a $165.00 price objective on the stock. Cowen reaffirmed a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Xylem in a report on Wednesday, October 8th. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, TD Cowen raised their target price on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $154.67.
Check Out Our Latest Stock Analysis on Xylem
Insider Buying and Selling at Xylem
In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by company insiders.
Xylem Stock Performance
Shares of XYL stock opened at $144.30 on Monday. The company has a market capitalization of $35.12 billion, a P/E ratio of 37.48, a P/E/G ratio of 2.49 and a beta of 1.13. The business's 50 day moving average is $143.08 and its two-hundred day moving average is $130.45. 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 12-month low of $100.47 and a 12-month high of $151.16.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (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%.Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.
Xylem Announces Dividend
The firm also recently declared 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. The ex-dividend date was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio is currently 41.56%.
About Xylem
(
Free Report)
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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