Caitong International Asset Management Co. Ltd Cuts Stock Position in Xylem Inc. $XYL

Caitong International Asset Management Co. Ltd cut its holdings in Xylem Inc. (NYSE:XYL) by 81.9% in the second quarter, Holdings Channel reports. The institutional investor owned 268 shares of the industrial products company’s stock after selling 1,211 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Xylem were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Valley National Advisers Inc. increased its position in shares of Xylem by 84.9% in the first 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 purchased a new stake in shares of Xylem in the second quarter valued at approximately $31,000. ST Germain D J Co. Inc. increased its position in shares of Xylem by 950.0% in 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 buying an additional 228 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Xylem by 90.6% in the first 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 purchased a new stake in shares of Xylem in the second quarter valued at approximately $39,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the transaction, the chief accounting officer owned 2,957 shares of the company’s stock, valued at $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 available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XYL shares. Citigroup lifted their price target on Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Barclays started coverage on Xylem in a research note on Friday, September 19th. They issued an “overweight” rating and a $165.00 price target on the stock. TD Cowen lifted their price target on Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. Mizuho lifted their price target on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Finally, Zacks Research raised Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.67.

Xylem Stock Performance

NYSE XYL opened at $148.31 on Monday. The stock’s fifty day moving average is $143.79 and its two-hundred day moving average is $132.92. The firm has a market capitalization of $36.10 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.53 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. 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 quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The company 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%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s dividend payout ratio is 41.56%.

Xylem 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.