1248 Management LLC Sells 2,464 Shares of Xylem Inc. $XYL

Key Points

• 1248 Management LLC reduced its stake in Xylem Inc. by 33.4%, selling 2,464 shares in the first quarter, now holding 4,911 shares valued at $587,000.
• Xylem reported a quarterly earnings per share of $1.26, exceeding estimates and yielding a 6.1% year-over-year revenue increase to $2.30 billion.
• The company announced a quarterly dividend of $0.40, set to be paid on September 25th, representing an annual yield of 1.1%.

1248 Management LLC reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 33.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,911 shares of the industrial products company's stock after selling 2,464 shares during the period. 1248 Management LLC's holdings in Xylem were worth $587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. boosted its position in shares of 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 buying an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in Xylem during the first quarter valued at approximately $27,000. Center for Financial Planning Inc. boosted its position 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 during the last quarter. Headlands Technologies LLC boosted its position in 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 purchasing an additional 145 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Xylem during the fourth quarter valued at approximately $36,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the transaction, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. This trade 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 the SEC website. 0.27% of the stock is currently owned by company insiders.

Xylem Stock Performance

NYSE:XYL traded down $1.42 during mid-day trading on Friday, hitting $140.52. 1,170,902 shares of the stock were exchanged, compared to its average volume of 998,635. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The firm's 50-day simple moving average is $137.36 and its 200 day simple moving average is $127.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. 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 released 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. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on XYL shares. JPMorgan Chase & Co. started coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. UBS Group increased 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. Finally, Cowen reissued a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $152.29.

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.