Xylem Inc. $XYL Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in Xylem Inc. by 13.8% during the second quarter, now holding 576,408 shares valued at approximately $74.6 million.
• Xylem reported an EPS of $1.26 for the last quarter, surpassing analysts' expectations, and marked a 6.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.40, resulting in an annualized yield of 1.1%, with a payout ratio of 41.56%.

Allianz Asset Management GmbH lessened its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 576,408 shares of the industrial products company's stock after selling 92,362 shares during the period. Allianz Asset Management GmbH owned 0.24% of Xylem worth $74,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of XYL. Hanson & Doremus Investment Management raised its position in Xylem by 0.9% during the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company's stock worth $1,102,000 after acquiring an additional 77 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 acquiring an additional 99 shares in the last quarter. Valley National Advisers Inc. raised its holdings 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 purchasing an additional 101 shares during the period. Finally, Ascent Wealth Partners LLC grew its position in shares of Xylem by 0.7% during the first quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company's stock worth $1,700,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Down 0.9%

XYL stock opened at $144.53 on Friday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $151.16. 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 business has a 50 day moving average price of $143.25 and a two-hundred day moving average price of $131.03. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 2.49 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem's payout ratio is 41.56%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XYL shares. Barclays started coverage on shares of Xylem in a research note on Friday, September 19th. They set an "overweight" rating and a $165.00 target price on the stock. TD Cowen raised their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. UBS Group lifted their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Citigroup lifted their price target on shares of Xylem from $168.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Finally, Mizuho boosted their price target on shares of Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.67.

Insider Buying and Selling

In other Xylem 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 transaction 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 approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

About Xylem

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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