Xylem Inc. $XYL Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Xylem Inc. by 7.3%, now owning approximately 4 million shares valued at around $480.8 million.
• Xylem's analysts' consensus rating is "Moderate Buy," with an average target price of $152.29 following several recent upgrades from major firms.
• The company announced a quarterly dividend of $0.40, representing a 1.2% yield, scheduled for payment on September 25th to investors of record.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,024,500 shares of the industrial products company's stock after purchasing an additional 274,123 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.65% of Xylem worth $480,767,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Center for Financial Planning Inc. increased its stake 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 worth $32,000 after acquiring an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Xylem by 3.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 99 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of Xylem by 0.7% in the first quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company's stock valued at $1,700,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Xylem by 25.1% during the first quarter. Blue Trust Inc. now owns 539 shares of the industrial products company's stock valued at $64,000 after buying an additional 108 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XYL has been the topic of several analyst reports. Citigroup reaffirmed a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective on the stock. TD Cowen lifted their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $152.29.

Xylem Trading Down 1.8%

Shares of Xylem stock opened at $137.48 on Wednesday. The company's fifty day moving average price is $137.70 and its two-hundred day moving average price is $127.36. 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 52-week low of $100.47 and a 52-week high of $145.33. The firm has a market capitalization of $33.46 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last issued 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. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company'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. On average, analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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 paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Xylem's dividend payout ratio (DPR) is currently 41.56%.

Insider Transactions at Xylem

In related 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 value of $139,960.00. Following the completion of the transaction, the chief accounting officer owned 2,957 shares of the company's stock, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.