Kornitzer Capital Management Inc. KS Has $4.62 Million Stock Position in Xylem Inc. $XYL

Kornitzer Capital Management Inc. KS lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 53.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,703 shares of the industrial products company’s stock after selling 41,797 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Xylem were worth $4,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XYL. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Maseco LLP acquired a new position in shares of Xylem during the second quarter valued at about $31,000. ST Germain D J Co. Inc. raised its holdings in shares of Xylem by 950.0% during the second quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 228 shares during the period. Headlands Technologies LLC raised its holdings in shares of Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 145 shares during the period. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Xylem during the second quarter valued at about $39,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Xylem

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 value of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Xylem Trading Up 0.4%

Shares of XYL stock opened at $148.31 on Friday. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $151.16. 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 company has a 50-day simple moving average of $143.79 and a two-hundred day simple moving average of $132.76. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 2.53 and a beta of 1.13.

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

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were given 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 dividend payout ratio is presently 41.56%.

Wall Street Analysts Forecast Growth

XYL has been the topic of several research reports. Cowen reiterated a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Mizuho boosted their target price on shares of Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, UBS Group boosted their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

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.