Xylem Inc. $XYL Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its position in Xylem Inc. (NYSE:XYL) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,301 shares of the industrial products company’s stock after selling 258 shares during the period. IFP Advisors Inc’s holdings in Xylem were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management raised its holdings in Xylem by 0.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock valued at $1,102,000 after acquiring an additional 77 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in 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 acquiring an additional 91 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 acquiring an additional 99 shares during the last quarter. Valley National Advisers Inc. raised its holdings in 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 acquiring an additional 101 shares during the last quarter. Finally, Ascent Wealth Partners LLC raised its holdings in 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 acquiring an additional 101 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 1.2%

NYSE:XYL opened at $146.02 on Tuesday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $151.16. The stock has a market cap of $35.54 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The stock has a 50-day simple moving average of $143.12 and a 200-day simple moving average of $130.64.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s payout ratio is currently 41.56%.

Analyst Ratings Changes

XYL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barclays initiated coverage on shares of Xylem in a report on Friday, September 19th. They set an “overweight” rating and a $165.00 price target for the company. Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Citigroup raised their price target on shares of Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target of $154.67.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s 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 transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

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.