Kidder Stephen W Sells 157 Shares of Xylem Inc. $XYL

Kidder Stephen W lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,915 shares of the industrial products company’s stock after selling 157 shares during the quarter. Xylem makes up about 1.9% of Kidder Stephen W’s portfolio, making the stock its 22nd biggest position. Kidder Stephen W’s holdings in Xylem were worth $6,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Mirova US LLC lifted its position in Xylem by 4.9% during the 2nd quarter. Mirova US LLC now owns 2,000,499 shares of the industrial products company’s stock worth $258,785,000 after acquiring an additional 94,228 shares during the period. Shell Asset Management Co. increased its stake in Xylem by 8.1% during the 2nd quarter. Shell Asset Management Co. now owns 74,955 shares of the industrial products company’s stock worth $9,696,000 after buying an additional 5,616 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Xylem by 0.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 184,103 shares of the industrial products company’s stock worth $23,816,000 after purchasing an additional 900 shares during the last quarter. Wormser Freres Gestion boosted its holdings in shares of Xylem by 9.9% during the 2nd quarter. Wormser Freres Gestion now owns 7,720 shares of the industrial products company’s stock worth $999,000 after purchasing an additional 698 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in Xylem by 0.3% in the second quarter. DAVENPORT & Co LLC now owns 703,078 shares of the industrial products company’s stock valued at $90,655,000 after acquiring an additional 2,304 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $148.12 on Wednesday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $151.16. The firm has a market capitalization of $36.05 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.59 and a beta of 1.13. 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’s fifty day simple moving average is $142.63 and its 200 day simple moving average is $129.90.

Xylem (NYSE:XYL) last released its quarterly 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 the consensus estimate of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of research reports. Zacks Research upgraded Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Stifel Nicolaus upped their price objective on shares of Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Mizuho upped their price objective on shares of Xylem from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, September 12th. UBS Group increased their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Cowen restated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.33.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by 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.