Resona Asset Management Co. Ltd. Reduces Stock Holdings in Xylem Inc. $XYL

Resona Asset Management Co. Ltd. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,160 shares of the industrial products company’s stock after selling 4,722 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Xylem were worth $12,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. grew its position in shares of Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 166 shares during the last quarter. First Horizon Corp purchased a new stake in Xylem in the third quarter valued at $30,000. ST Germain D J Co. Inc. boosted its stake in Xylem by 950.0% in 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. Grey Fox Wealth Advisors LLC purchased a new position in shares of Xylem during the third quarter worth about $34,000. Finally, Caldwell Trust Co acquired a new stake in shares of Xylem during the second quarter worth about $41,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Activity

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total value of $251,838.00. Following the sale, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total value of $1,590,661.44. Following the transaction, the executive vice president directly owned 31,250 shares of the company’s stock, valued at approximately $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on XYL shares. Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Royal Bank Of Canada lifted their price target on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $178.00 price objective on Xylem in a report on Wednesday, October 29th. Argus set a $170.00 target price on shares of Xylem in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.80.

Xylem Trading Down 1.3%

Shares of XYL stock opened at $141.06 on Monday. The company has a market capitalization of $34.34 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 2.00 and a beta of 1.17. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $139.66 and its two-hundred day moving average is $141.61. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. Equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th 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 Tuesday, November 25th. Xylem’s payout ratio is 41.13%.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.