Sumitomo Mitsui Trust Group Inc. Purchases 46,091 Shares of Xylem Inc. $XYL

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 8.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 609,724 shares of the industrial products company’s stock after purchasing an additional 46,091 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Xylem worth $78,874,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XYL. AFG Fiduciary Services Limited Partnership purchased a new stake in Xylem in the second quarter worth about $275,000. IFM Investors Pty Ltd increased its holdings in shares of Xylem by 11.6% during the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock valued at $6,995,000 after acquiring an additional 5,617 shares in the last quarter. BROOKFIELD Corp ON increased its holdings in shares of Xylem by 26.5% during the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock valued at $1,956,000 after acquiring an additional 3,430 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Xylem by 19.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company’s stock worth $3,251,000 after buying an additional 4,429 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Xylem by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company’s stock worth $507,000 after buying an additional 956 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYL has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of Xylem from $125.00 to $140.00 and gave the stock 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 report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a research note on Friday. Stifel Nicolaus upped their target price on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Barclays initiated coverage on shares of Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $154.67.

Insider Buying and Selling at Xylem

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 in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Xylem Stock Up 0.4%

Shares of XYL opened at $148.31 on Monday. The stock has a market capitalization of $36.10 billion, a PE ratio of 38.52, a P/E/G ratio of 2.53 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. The company’s 50-day simple moving average is $143.79 and its 200-day simple moving average is $132.92.

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 the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio is presently 41.56%.

About Xylem

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.