Boston Common Asset Management LLC Decreases Holdings in Xylem Inc. $XYL

Boston Common Asset Management LLC trimmed its stake in shares of Xylem Inc. (NYSE:XYL) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,029 shares of the industrial products company’s stock after selling 2,328 shares during the period. Boston Common Asset Management LLC’s holdings in Xylem were worth $16,174,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Hanson & Doremus Investment Management raised its position in shares of Xylem by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 77 shares during the last quarter. Center for Financial Planning Inc. raised its position 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 buying an additional 91 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Xylem by 3.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company’s stock valued at $412,000 after buying an additional 99 shares during the last quarter. Valley National Advisers Inc. raised its position 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 buying an additional 101 shares during the last quarter. Finally, Ascent Wealth Partners LLC raised its position in shares of Xylem by 0.7% in the first quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company’s stock valued at $1,700,000 after buying an additional 101 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on XYL. Cowen reiterated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. 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. Barclays began coverage on shares of Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 price objective for the company. Mizuho raised their price objective on shares of Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.33.

Xylem Price Performance

Xylem stock opened at $149.99 on Friday. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $150.98. The stock has a market cap of $36.51 billion, a P/E ratio of 38.96, a PEG ratio of 2.59 and a beta of 1.13. The company has a 50-day moving average price of $141.96 and a 200 day moving average price of $129.48. 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) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.20 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. 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 year.

Xylem Dividend Announcement

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

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.