Nicola Wealth Management LTD. Sells 3,500 Shares of Xylem Inc. $XYL

Key Points

• Nicola Wealth Management LTD. reduced its holdings in Xylem Inc. by 17.5%, now owning 16,500 shares valued at approximately $1.97 million.
• The majority of Xylem's stock, over 87.96%, is owned by institutional investors, with notable increases reported by Vanguard Group and Price T Rowe Associates.
• Xylem declared a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 1.1%.

Nicola Wealth Management LTD. decreased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 17.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,500 shares of the industrial products company's stock after selling 3,500 shares during the period. Nicola Wealth Management LTD.'s holdings in Xylem were worth $1,971,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Modern Wealth Management LLC bought a new position in shares of Xylem in the 1st quarter valued at about $442,000. Strs Ohio bought a new position in shares of Xylem in the 1st quarter valued at about $10,781,000. Foresight Group Ltd Liability Partnership grew its holdings in shares of Xylem by 3,508.7% in the 1st quarter. Foresight Group Ltd Liability Partnership now owns 270,151 shares of the industrial products company's stock valued at $32,272,000 after acquiring an additional 262,665 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Xylem by 217.4% in the 1st quarter. Focus Partners Wealth now owns 59,608 shares of the industrial products company's stock valued at $7,121,000 after acquiring an additional 40,827 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Xylem in the 1st quarter valued at about $248,000. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XYL. Mizuho raised their price objective on Xylem from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday. Citigroup reiterated a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. UBS Group lifted their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, TD Cowen lifted their price target on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $150.75.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business'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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

Xylem Price Performance

XYL traded down $0.25 during trading on Friday, hitting $141.55. 1,432,800 shares of the stock traded hands, compared to its average volume of 1,112,091. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 2.45 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The business has a 50 day moving average price of $138.19 and a 200 day moving average price of $127.60.

Xylem (NYSE:XYL - Get Free Report) last posted its 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 for 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%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem's payout ratio is presently 41.56%.

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.