Baird Financial Group Inc. Purchases 10,995 Shares of Xylem Inc. $XYL

Key Points

• Baird Financial Group Inc. increased its stake in Xylem Inc. by 4.6%, owning 251,614 shares worth approximately $30 million as of the most recent filing.
• Xylem reported a quarterly earnings per share (EPS) of $1.26, exceeding analysts' expectations, and announced a quarterly dividend of $0.40, reflecting a yield of 1.1%.
• Analysts have a consensus rating of "Moderate Buy" for Xylem, with a target price averaging $152.29, indicating optimism about the stock's future performance.

Baird Financial Group Inc. raised its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,614 shares of the industrial products company's stock after purchasing an additional 10,995 shares during the quarter. Baird Financial Group Inc. owned 0.10% of Xylem worth $30,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. boosted its holdings in 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 purchasing an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Xylem by 3.0% during 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. boosted its holdings in Xylem by 84.9% during 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 boosted its holdings in Xylem by 0.7% during 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. boosted its holdings in 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 purchasing an additional 108 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XYL. Cowen reaffirmed a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. TD Cowen lifted their price objective on Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. UBS Group boosted their target price on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus boosted their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.29.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the sale, the chief accounting officer 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 SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Xylem Trading Down 1.0%

XYL stock traded down $1.42 during trading on Friday, hitting $140.52. The company had a trading volume of 1,170,902 shares, compared to its average volume of 998,635. 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 firm has a 50-day moving average price of $137.36 and a 200-day moving average price of $127.24. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The stock has a market cap of $34.20 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.45 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the company posted $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. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

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

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.