Envestnet Portfolio Solutions Inc. Sells 439 Shares of Xylem Inc. $XYL

Envestnet Portfolio Solutions Inc. cut its position in shares of Xylem Inc. (NYSE:XYL) by 14.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,671 shares of the industrial products company’s stock after selling 439 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Xylem were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. increased its position in Xylem by 84.9% during the 1st 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 in the last quarter. Maseco LLP bought a new position in Xylem during the 2nd quarter valued at approximately $31,000. ST Germain D J Co. Inc. increased its position in 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 valued at $33,000 after buying an additional 228 shares in the last quarter. Headlands Technologies LLC increased its position in Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after buying an additional 145 shares in the last quarter. Finally, Signature Resources Capital Management LLC bought a new position in Xylem during the 2nd quarter valued at approximately $39,000. Institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction 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 directly owned 2,957 shares in the company, valued at approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XYL shares. Citigroup raised their price objective on Xylem from $168.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Zacks Research raised Xylem from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Xylem in a report on Wednesday, October 8th. UBS Group lifted their target price on Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.67.

Xylem Price Performance

NYSE XYL opened at $147.82 on Friday. The company has a market capitalization of $35.98 billion, a PE ratio of 38.40, a price-to-earnings-growth 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 business’s fifty day moving average is $143.64 and its 200 day moving average is $132.24. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $151.16.

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

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors 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 annualized dividend and a yield of 1.1%. Xylem’s payout ratio is 41.56%.

Xylem Company 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.