Xylem Inc. $XYL Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its holdings in Xylem Inc. by 6.3%, now owning approximately 0.06% of the company, valued at $17.1 million.
• Xylem had a strong quarterly performance, reporting $1.26 earnings per share, exceeding estimates, and setting FY 2025 guidance at $4.70-4.85 EPS.
• Analysts maintain a mostly positive outlook on Xylem, with six buy ratings and an average price target of $152.29.

The Manufacturers Life Insurance Company trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,226 shares of the industrial products company's stock after selling 9,667 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Xylem worth $17,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Center for Financial Planning Inc. raised its holdings in shares of Xylem by 52.0% in the 1st 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Xylem by 3.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 99 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% in the 1st 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 in the last quarter. Ascent Wealth Partners LLC raised its holdings in shares of Xylem by 0.7% in the 1st quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company's stock valued at $1,700,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Xylem by 25.1% in the 1st quarter. Blue Trust Inc. now owns 539 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 108 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Cowen restated a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus increased their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Finally, UBS Group increased their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and an average price target of $152.29.

Xylem Price Performance

Shares of XYL opened at $140.25 on Wednesday. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The firm has a 50-day simple moving average of $136.63 and a 200-day simple moving average of $127.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The business's quarterly 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. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's payout ratio is presently 41.56%.

Xylem Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.