Oppenheimer Asset Management Inc. Grows Stake in Xylem Inc. $XYL

Oppenheimer Asset Management Inc. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,284 shares of the industrial products company’s stock after buying an additional 434 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Xylem were worth $12,455,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Maseco LLP bought a new stake in shares of Xylem during the second quarter valued at approximately $31,000. ST Germain D J Co. Inc. raised its stake in shares of Xylem by 950.0% during the second quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 228 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Xylem by 90.6% during the first quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 145 shares in the last quarter. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Xylem during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XYL shares. Mizuho lifted their price target 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. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Cowen reissued a “hold” rating on shares of Xylem in a research note on Tuesday, August 26th. Barclays assumed coverage on shares of Xylem in a research note on Friday, September 19th. They issued an “overweight” rating and a $165.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Xylem in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.67.

Xylem Stock Performance

Shares of XYL stock opened at $148.31 on Monday. The business’s fifty day simple moving average is $143.79 and its 200-day simple moving average is $132.92. The company has a market cap of $36.10 billion, a PE ratio of 38.52, a PEG ratio of 2.53 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. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $151.16.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping 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 return on equity of 10.33% and a net margin of 10.74%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 41.56%.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction 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. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

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.