TD Asset Management Inc Has $11.70 Million Stock Position in Xylem Inc. $XYL

TD Asset Management Inc decreased its stake in Xylem Inc. (NYSE:XYL) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,436 shares of the industrial products company’s stock after selling 3,679 shares during the period. TD Asset Management Inc’s holdings in Xylem were worth $11,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Price T Rowe Associates Inc. MD lifted its position in Xylem by 689.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock worth $443,074,000 after purchasing an additional 3,239,203 shares during the period. Nuveen LLC bought a new position in Xylem in the first quarter worth $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock worth $122,009,000 after purchasing an additional 813,100 shares during the period. Swedbank AB lifted its position in Xylem by 13.9% in the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after purchasing an additional 531,890 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Xylem by 46.8% in the first quarter. JPMorgan Chase & Co. now owns 1,363,453 shares of the industrial products company’s stock worth $162,878,000 after purchasing an additional 434,614 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on XYL. Stifel Nicolaus raised their target price on Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays began coverage on Xylem in a research report on Friday, September 19th. They issued an “overweight” rating and a $165.00 target price for the company. Mizuho raised their target price on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Cowen reissued a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Finally, Zacks Research raised Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Xylem Stock Up 0.8%

Shares of NYSE XYL opened at $146.00 on Friday. The stock has a market cap of $35.54 billion, a PE ratio of 37.92, a PEG ratio of 2.49 and a beta of 1.13. The business has a fifty day moving average of $143.32 and a two-hundred day moving average of $131.29. 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.

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, beating analysts’ consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. 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. Stockholders of record on Thursday, August 28th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s dividend payout ratio (DPR) 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.