Davis Rea LTD. Raises Stake in Xylem Inc. $XYL

Davis Rea LTD. raised its stake in Xylem Inc. (NYSE:XYL) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,697 shares of the industrial products company’s stock after buying an additional 278 shares during the quarter. Davis Rea LTD.’s holdings in Xylem were worth $3,971,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. grew its holdings in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 101 shares during the period. Maseco LLP purchased a new position in shares of Xylem during the 2nd quarter worth $31,000. Center for Financial Planning Inc. grew its holdings in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 228 shares during the period. Finally, Headlands Technologies LLC grew its holdings in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 145 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

XYL opened at $144.30 on Friday. The stock’s 50-day moving average price is $143.08 and its 200 day moving average price is $130.35. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $151.16. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The firm has a market cap of $35.12 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.54 and a beta of 1.13.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.Xylem’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, sell-side analysts expect 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 $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio (DPR) is currently 41.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XYL shares. Mizuho increased their price target on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Cowen reiterated a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Zacks Research upgraded Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Barclays began coverage on Xylem in a report on Friday, September 19th. They set an “overweight” rating and a $165.00 price target for the company. Finally, Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.67.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares of the company’s stock, valued at $413,861.72. This trade represents a 25.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate 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.