Xylem Inc. $XYL Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.0% during the second quarter, HoldingsChannel.com reports. The fund owned 691,867 shares of the industrial products company’s stock after selling 21,264 shares during the period. Vontobel Holding Ltd.’s holdings in Xylem were worth $89,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. NBC Securities Inc. acquired a new position in Xylem during the first quarter worth about $72,000. Merit Financial Group LLC boosted its position in Xylem by 13.0% during the first quarter. Merit Financial Group LLC now owns 2,707 shares of the industrial products company’s stock worth $323,000 after acquiring an additional 312 shares during the last quarter. Wedmont Private Capital boosted its position in Xylem by 6.1% during the first quarter. Wedmont Private Capital now owns 2,348 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 136 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 419 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Xylem by 29.1% during the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company’s stock worth $507,000 after acquiring an additional 956 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XYL shares. Cowen restated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. UBS Group boosted their target price on shares of Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, August 26th. Finally, Citigroup reiterated a “buy” rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $152.33.

Xylem Price Performance

Xylem stock opened at $148.22 on Thursday. The company’s 50 day simple moving average is $142.98 and its 200-day simple moving average is $130.02. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year 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.

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, beating analysts’ consensus estimates of $1.15 by $0.11. The business 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 business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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 year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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%.

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.