OMERS ADMINISTRATION Corp Trims Position in Xylem Inc. $XYL

OMERS ADMINISTRATION Corp lessened its stake in Xylem Inc. (NYSE:XYL) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,646 shares of the industrial products company’s stock after selling 1,424 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Xylem were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. J. Stern & Co. LLP increased its stake in Xylem by 6.6% in the 1st quarter. J. Stern & Co. LLP now owns 342,881 shares of the industrial products company’s stock worth $40,961,000 after buying an additional 21,134 shares during the period. Mirova increased its stake in Xylem by 2.7% in the 1st quarter. Mirova now owns 86,221 shares of the industrial products company’s stock worth $10,300,000 after buying an additional 2,238 shares during the period. ICONIQ Capital LLC bought a new position in Xylem during the 1st quarter worth about $201,000. Samjo Management LLC increased its position in Xylem by 2.1% during the 1st quarter. Samjo Management LLC now owns 20,665 shares of the industrial products company’s stock valued at $2,469,000 after purchasing an additional 425 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new position in Xylem during the 1st quarter valued at about $575,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.7%

XYL stock opened at $141.57 on Tuesday. The firm has a 50 day moving average of $136.37 and a 200 day moving average of $126.90. The stock has a market capitalization of $34.46 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.33.

Xylem (NYSE:XYL) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, August 28th. Xylem’s payout ratio is presently 41.56%.

Wall Street Analyst Weigh In

A number of research analysts have commented on XYL shares. Citigroup reissued a “buy” rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Raymond James Financial raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. UBS Group raised their target price 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. Stifel Nicolaus raised 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price target on the stock. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.29.

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.