Caitong International Asset Management Co. Ltd Sells 1,211 Shares of Xylem Inc. $XYL

Caitong International Asset Management Co. Ltd lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 81.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. AFG Fiduciary Services Limited Partnership acquired a new stake in Xylem in the second quarter worth about $275,000. IFM Investors Pty Ltd boosted its holdings in Xylem by 11.6% in the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock worth $6,995,000 after acquiring an additional 5,617 shares in the last quarter. BROOKFIELD Corp ON boosted its holdings in Xylem by 26.5% in the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock worth $1,956,000 after acquiring an additional 3,430 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Xylem by 19.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company’s stock worth $3,251,000 after acquiring an additional 4,429 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Xylem by 29.1% in 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 in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.4%

Xylem stock opened at $148.31 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $151.16. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.53 and a beta of 1.13. The stock has a 50-day moving average price of $143.79 and a 200 day moving average price of $132.92.

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

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is currently 41.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XYL shares. Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Mizuho raised their price target on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. TD Cowen lifted their target price on Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, August 26th. Citigroup lifted their target price on Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Stifel Nicolaus lifted their target price on Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.67.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.