NFJ Investment Group LLC Has $9.75 Million Stock Position in Xylem Inc. $XYL

Key Points

• NFJ Investment Group LLC reduced its stake in Xylem Inc. by 2.2%, now holding 81,608 shares valued at approximately $9.7 million.
• Xylem reported a quarterly EPS of $1.26, surpassing analysts' expectations of $1.15, and its revenue was $2.30 billion, exceeding predictions of $2.20 billion.
• Recently declared a quarterly dividend of $0.40 per share will be paid to shareholders on September 25th, representing an annualized yield of 1.1%.

NFJ Investment Group LLC cut its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,608 shares of the industrial products company's stock after selling 1,820 shares during the period. NFJ Investment Group LLC's holdings in Xylem were worth $9,749,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Xylem by 3.3% during the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company's stock worth $496,000 after purchasing an additional 132 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Xylem by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,750 shares of the industrial products company's stock valued at $5,346,000 after buying an additional 4,021 shares during the period. Gotham Asset Management LLC lifted its stake in Xylem by 36.9% in the first quarter. Gotham Asset Management LLC now owns 151,098 shares of the industrial products company's stock valued at $18,050,000 after buying an additional 40,760 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in Xylem by 1.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 57,896 shares of the industrial products company's stock valued at $6,916,000 after buying an additional 924 shares during the period. Finally, Eventide Asset Management LLC bought a new stake in shares of Xylem in the first quarter worth about $13,250,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Cowen restated a "hold" rating on shares of Xylem in a research note on Tuesday, August 26th. UBS Group raised their price objective on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Citigroup reissued a "buy" rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and an average price target of $152.29.

Xylem Price Performance

XYL stock traded down $1.42 during midday trading on Friday, reaching $140.52. 1,170,902 shares of the stock were exchanged, compared to its average volume of 1,027,330. The stock has a market capitalization of $34.20 billion, a PE ratio of 36.50, a P/E/G ratio of 2.43 and a beta of 1.09. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.33. The company has a fifty day moving average price of $137.36 and a 200 day moving average price of $127.20. 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 (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend payout ratio is 41.56%.

Insider Activity

In other 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 transaction, the chief accounting officer directly owned 2,957 shares of the company's stock, valued at $413,861.72. The trade was a 25.27% decrease in their position. The sale 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.

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.