Xylem Inc. $XYL Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 11.2% during the first quarter, HoldingsChannel.com reports. The firm owned 409,536 shares of the industrial products company’s stock after selling 51,396 shares during the period. Erste Asset Management GmbH’s holdings in Xylem were worth $49,189,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Xylem by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company’s stock valued at $3,465,122,000 after buying an additional 362,127 shares during the last quarter. Royal Bank of Canada lifted its stake in Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after buying an additional 320,500 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company’s stock valued at $435,119,000 after buying an additional 301,070 shares in the last quarter. Northern Trust Corp raised its holdings in Xylem by 2.9% in the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company’s stock valued at $401,743,000 after acquiring an additional 94,560 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Xylem by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company’s stock valued at $279,747,000 after acquiring an additional 15,740 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 0.6%

Shares of Xylem stock opened at $141.72 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $133.35 and its 200-day simple moving average is $126.12. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11.

Xylem (NYSE:XYL) last issued 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem’s dividend payout ratio is 41.56%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a “hold” rating in a report on Thursday, May 15th. UBS Group raised their price target 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. Citigroup reaffirmed a “buy” rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.57.

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.