Xylem Inc. $XYL Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Xylem Inc. by 13.5%, owning 351,099 shares valued at approximately $45.4 million after acquiring an additional 41,800 shares in the second quarter.
• Xylem reported better-than-expected quarterly earnings of $1.26 per share, surpassing analyst estimates, and had a revenue of $2.30 billion, reflecting a 6.1% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 1.1%, with a dividend payout ratio of 41.56%.

Aberdeen Group plc boosted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,099 shares of the industrial products company's stock after buying an additional 41,800 shares during the period. Aberdeen Group plc owned 0.14% of Xylem worth $45,418,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Xylem by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after purchasing an additional 362,127 shares during the last quarter. Swedbank AB lifted its stake in shares of Xylem by 13.9% in the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company's stock valued at $564,906,000 after purchasing an additional 531,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Xylem by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company's stock valued at $480,767,000 after purchasing an additional 274,123 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Xylem by 689.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock valued at $443,074,000 after purchasing an additional 3,239,203 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Xylem by 2.9% in the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company's stock valued at $401,743,000 after purchasing an additional 94,560 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE XYL opened at $144.30 on Monday. The stock's 50-day moving average is $143.08 and its two-hundred day moving average is $130.45. 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 Inc. has a 1-year low of $100.47 and a 1-year high of $151.16. The company has a market cap of $35.12 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13.

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 for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the business earned $1.09 EPS. Xylem's revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio is 41.56%.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company'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 sale, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This represents 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 link. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent analyst reports. Zacks Research raised Xylem from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Barclays began coverage on Xylem in a research note on Friday, September 19th. They issued an "overweight" rating and a $165.00 price target on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Xylem in a report on Wednesday, October 8th. Mizuho boosted their price objective on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Finally, Citigroup boosted their price objective on Xylem from $168.00 to $173.00 and gave the company a "buy" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $154.67.

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.

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