Cullen Frost Bankers Inc. Purchases 1,553 Shares of Xylem Inc. $XYL

Cullen Frost Bankers Inc. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 70.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,766 shares of the industrial products company’s stock after buying an additional 1,553 shares during the period. Cullen Frost Bankers Inc.’s holdings in Xylem were worth $487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XYL. Valley National Advisers Inc. lifted its position in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Maseco LLP purchased a new position in shares of Xylem during the 2nd quarter valued at about $31,000. ST Germain D J Co. Inc. lifted its position in shares of Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after buying an additional 228 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after buying an additional 145 shares in the last quarter. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Xylem during the 2nd quarter valued at about $39,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction 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 sale, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XYL. TD Cowen lifted their price objective on Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Zacks Research upgraded Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Mizuho upped their target price on shares of Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Xylem Stock Up 0.4%

Shares of XYL opened at $148.31 on Friday. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.52 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 business’s 50 day simple moving average is $143.79 and its 200-day simple moving average is $132.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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. The business had revenue of $2.30 billion for 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%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company 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. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s dividend payout ratio is 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.