Meiji Yasuda Asset Management Co Ltd. Decreases Stock Position in Xylem Inc. $XYL

Meiji Yasuda Asset Management Co Ltd. lessened its position in Xylem Inc. (NYSE:XYL) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 47,785 shares of the industrial products company’s stock after selling 925 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Xylem were worth $5,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XYL. Schonfeld Strategic Advisors LLC lifted its position in shares of Xylem by 30.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,499 shares of the industrial products company’s stock valued at $406,000 after acquiring an additional 808 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in Xylem by 1.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 95,331 shares of the industrial products company’s stock worth $11,060,000 after buying an additional 1,418 shares in the last quarter. Gotham Asset Management LLC lifted its position in Xylem by 72.4% during the fourth quarter. Gotham Asset Management LLC now owns 110,338 shares of the industrial products company’s stock worth $12,801,000 after buying an additional 46,341 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in Xylem by 16.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 26,332 shares of the industrial products company’s stock worth $3,055,000 after buying an additional 3,757 shares in the last quarter. Finally, LRI Investments LLC lifted its position in Xylem by 3.8% during the fourth quarter. LRI Investments LLC now owns 3,817 shares of the industrial products company’s stock worth $443,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors 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 Xylem 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 of the company’s stock, valued at approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of analyst reports. Cowen reiterated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. Stifel Nicolaus lifted their price objective on Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. UBS Group lifted their target price on Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Citigroup restated a “buy” rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.29.

Xylem Trading Down 0.5%

Shares of NYSE XYL opened at $139.91 on Tuesday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. 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 stock has a fifty day simple moving average of $137.57 and a 200-day simple moving average of $127.29. The stock has a market capitalization of $34.06 billion, a PE ratio of 36.34, a PEG ratio of 2.43 and a beta of 1.09.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share 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 business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’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. On average, equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s payout ratio is presently 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.