Xylem Inc. $XYL Stake Boosted by Perennial Advisors LLC

Perennial Advisors LLC boosted its position in shares of Xylem Inc. (NYSE:XYL) by 0.3% in the second quarter, Holdings Channel.com reports. The firm owned 49,270 shares of the industrial products company’s stock after purchasing an additional 143 shares during the period. Xylem comprises 1.2% of Perennial Advisors LLC’s holdings, making the stock its 29th largest holding. Perennial Advisors LLC’s holdings in Xylem were worth $6,374,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XYL. AFG Fiduciary Services Limited Partnership acquired a new position in Xylem in the second quarter worth approximately $275,000. IFM Investors Pty Ltd increased its stake in shares of Xylem by 11.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock worth $6,995,000 after purchasing an additional 5,617 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem during the 1st quarter valued at $694,000. Farther Finance Advisors LLC lifted its stake in shares of Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 419 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Xylem in the first quarter worth $72,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on XYL. Cowen restated a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. UBS Group raised their price objective on Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Barclays began coverage on Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 target price for the company. Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.33.

Xylem Stock Down 1.1%

Shares of XYL stock opened at $141.50 on Thursday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. 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 firm has a market cap of $34.44 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. The stock has a 50 day moving average of $139.98 and a 200-day moving average of $128.32.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem’s revenue was up 6.1% compared to the same quarter last year. 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. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid 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 (DPR) 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.