Xylem Inc. $XYL Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in Xylem Inc. by 4.4%, now owning approximately 0.16% of the company, which is valued at $49.2 million.
• Xylem's shares received a consensus rating of "Moderate Buy" with an average price target of $154.67 from various research analysts.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 1.1% and a payout ratio of approximately 41.56%.

AEGON ASSET MANAGEMENT UK Plc lessened its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,462 shares of the industrial products company's stock after selling 17,674 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.16% of Xylem worth $49,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in Xylem by 84.9% during the 1st 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 in the last quarter. Maseco LLP acquired a new position in Xylem during the 2nd quarter worth approximately $31,000. ST Germain D J Co. Inc. grew its holdings in Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after acquiring an additional 228 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in Xylem by 52.0% during the 1st 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 in the last quarter. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XYL shares. TD Cowen upped their target price on shares of Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Weiss Ratings restated a "buy (b)" rating on shares of Xylem in a report on Wednesday, October 8th. Barclays started coverage on shares of Xylem in a report on Friday, September 19th. They issued an "overweight" rating and a $165.00 target price for the company. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Cowen restated a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.67.

Xylem Stock Up 0.4%

Shares of NYSE:XYL opened at $146.64 on Wednesday. The stock has a market cap of $35.69 billion, a P/E ratio of 38.09, a P/E/G ratio of 2.49 and a beta of 1.13. The firm has a fifty day moving average price of $143.18 and a 200 day moving average price of $130.75. 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 1-year low of $100.47 and a 1-year high of $151.16.

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, topping analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

Insider Buying and Selling

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 transaction, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

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