Xylem Inc. $XYL Stock Holdings Lessened by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in Xylem Inc. (NYSE:XYL) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,436 shares of the industrial products company’s stock after selling 3,679 shares during the quarter. TD Asset Management Inc’s holdings in Xylem were worth $11,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Elefante Mark B lifted its position in shares of Xylem by 1.7% in the second quarter. Elefante Mark B now owns 24,514 shares of the industrial products company’s stock worth $3,171,000 after purchasing an additional 404 shares in the last quarter. Delaney Dennis R lifted its position in shares of Xylem by 2.4% in the second quarter. Delaney Dennis R now owns 31,672 shares of the industrial products company’s stock worth $4,097,000 after purchasing an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Xylem by 6.8% in the second quarter. Sequoia Financial Advisors LLC now owns 316,485 shares of the industrial products company’s stock worth $40,940,000 after buying an additional 20,077 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Xylem by 39.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 101,554 shares of the industrial products company’s stock worth $13,304,000 after buying an additional 28,889 shares during the last quarter. Finally, CWM LLC increased its holdings in Xylem by 15.7% in the second quarter. CWM LLC now owns 9,988 shares of the industrial products company’s stock worth $1,292,000 after buying an additional 1,353 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYL has been the topic of a number of research reports. Barclays initiated coverage on Xylem in a report on Friday, September 19th. They issued an “overweight” rating and a $165.00 price objective on the stock. Zacks Research upgraded Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Mizuho increased their price objective on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a report on Wednesday, October 8th. Finally, Citigroup increased their price objective on Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Xylem Trading Up 0.8%

Shares of XYL stock opened at $146.00 on Friday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $151.16. 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 business’s 50 day moving average is $143.32 and its two-hundred day moving average is $131.29. The company has a market cap of $35.54 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company’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. Equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on 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 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 document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

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.