Xylem Inc. $XYL Stake Lifted by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its holdings in Xylem Inc. by 455.8% during the first quarter, owning 2,740 shares worth approximately $302,000.
• Xylem recently reported earnings of $1.26 per share, exceeding analysts' expectations and showing a 6.1% year-over-year revenue increase of $2.30 billion.
• The company announced a quarterly dividend of $0.40 per share, with a payout ratio of 41.56%.

Banque Transatlantique SA raised its stake in Xylem Inc. (NYSE:XYL - Free Report) by 455.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,740 shares of the industrial products company's stock after purchasing an additional 2,247 shares during the period. Banque Transatlantique SA's holdings in Xylem were worth $302,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC acquired a new stake in shares of Xylem during the first quarter worth $694,000. Farther Finance Advisors LLC raised its position in Xylem by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after acquiring an additional 419 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Xylem in the first quarter valued at $72,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Xylem by 19.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock valued at $3,251,000 after buying an additional 4,429 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Xylem by 29.1% in the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock valued at $507,000 after buying an additional 956 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research analyst reports. UBS Group raised their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Citigroup restated a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Raymond James Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. TD Cowen increased their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $152.29.

Xylem Stock Down 1.0%

Shares of XYL traded down $1.42 during trading on Friday, reaching $140.52. The company's stock had a trading volume of 1,170,902 shares, compared to its average volume of 998,635. Xylem Inc. has a twelve month low of $100.47 and a twelve month 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. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.43 and a beta of 1.09. The company has a fifty day moving average of $137.36 and a two-hundred day moving average of $127.22.

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, 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 business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the business earned $1.09 EPS. 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. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem's payout ratio is 41.56%.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business'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 completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. The trade was a 25.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company's stock.

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.