Rafferty Asset Management LLC Reduces Position in Xylem Inc. $XYL

Key Points

• Rafferty Asset Management LLC reduced its stake in Xylem Inc. by 20.1% in the first quarter, bringing its total to 18,142 shares valued at approximately $2.17 million.
• Xylem's recent earnings report showed an EPS of $1.26, exceeding analysts' estimates, with revenues reaching $2.30 billion, up 6.1% year-over-year.
• The firm announced a quarterly dividend of $0.40 per share, equating to an annualized dividend of $1.60 and a yield of 1.1%.

Rafferty Asset Management LLC cut its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 20.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,142 shares of the industrial products company's stock after selling 4,551 shares during the quarter. Rafferty Asset Management LLC's holdings in Xylem were worth $2,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Valley National Advisers Inc. raised its position in 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 acquiring an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Xylem during the 1st quarter worth about $27,000. Center for Financial Planning Inc. raised its position in shares of 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 purchasing an additional 91 shares during the last quarter. Headlands Technologies LLC lifted its stake in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after buying an additional 145 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Xylem in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Up 1.1%

XYL stock traded up $1.57 during midday trading on Thursday, hitting $141.27. 316,751 shares of the company's stock were exchanged, compared to its average volume of 1,444,796. Xylem Inc. has a 1-year low of $100.47 and a 1-year 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. The stock has a market capitalization of $34.39 billion, a PE ratio of 36.69, a P/E/G ratio of 2.45 and a beta of 1.09. The business has a 50-day simple moving average of $136.87 and a two-hundred day simple moving average of $127.08.

Xylem (NYSE:XYL - Get Free Report) last released 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 business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem's dividend payout ratio is currently 41.56%.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Stifel Nicolaus increased their target price on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Cowen reiterated a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group increased their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.29.

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.