Xylem Inc. $XYL Shares Sold by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe S.A. has reduced its stake in Xylem Inc. by 11.7%, now holding 227,107 shares worth approximately $29.38 million.
• Xylem recently reported better-than-expected earnings, with an EPS of $1.26 for the last quarter, surpassing analysts' estimates of $1.15.
• Several brokerages have raised their price targets for Xylem, with UBS Group increasing their target from $164.00 to $168.00 and maintaining a "buy" rating.

Quintet Private Bank Europe S.A. lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,107 shares of the industrial products company's stock after selling 30,125 shares during the quarter. Xylem comprises about 1.7% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 16th largest holding. Quintet Private Bank Europe S.A. owned 0.09% of Xylem worth $29,379,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XYL. Valley National Advisers Inc. increased its holdings in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new stake in shares of Xylem in the first quarter valued at approximately $27,000. Center for Financial Planning Inc. increased its holdings in shares of 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 purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $36,000. Finally, Headlands Technologies LLC grew its position in Xylem by 90.6% in the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Insiders Place Their Bets

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 value of $139,960.00. Following the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Xylem Trading Down 0.2%

NYSE:XYL opened at $141.55 on Monday. The firm has a market cap of $34.45 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The stock has a fifty day moving average price of $138.19 and a 200 day moving average price of $127.60. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business posted $1.09 earnings per share. Xylem's revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XYL. UBS Group increased their price objective on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Mizuho increased their price objective on Xylem from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus increased their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and an average price target of $150.75.

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.

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