IFM Investors Pty Ltd Boosts Holdings in Xylem Inc. $XYL

Key Points

• IFM Investors Pty Ltd increased its stake in Xylem Inc. by 11.6% during Q2, now holding 54,073 shares valued at approximately $6.99 million.
• Xylem reported quarterly earnings of $1.26 EPS, exceeding expectations and showing a year-over-year revenue growth of 6.1% to $2.30 billion.
• Analysts have issued positive ratings for Xylem, with the average price target reaching $152.33, indicating a strong outlook for the company's stock.

IFM Investors Pty Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,073 shares of the industrial products company's stock after acquiring an additional 5,617 shares during the quarter. IFM Investors Pty Ltd's holdings in Xylem were worth $6,995,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. increased its stake in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new position in shares of Xylem during the first quarter valued at approximately $27,000. Center for Financial Planning Inc. boosted its position in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter valued at approximately $36,000. Finally, Headlands Technologies LLC boosted its position in shares of Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after buying an additional 145 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 0.8%

Shares of XYL stock traded down $1.11 during trading hours on Tuesday, reaching $142.43. 329,557 shares of the company's stock were exchanged, compared to its average volume of 1,436,287. The stock's 50 day moving average is $139.49 and its 200-day moving average is $128.12. The company has a market cap of $34.67 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 2.47 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 fifty-two week low of $100.47 and a fifty-two week high of $145.33.

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 business 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 business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction 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 directly owned 2,957 shares of the company's stock, valued at $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. TD Cowen boosted their target price on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday, August 26th. UBS Group boosted their target price 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 set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Cowen restated a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Finally, Mizuho boosted their price target on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $152.33.

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.