Princeton Global Asset Management LLC Grows Stock Holdings in Xylem Inc. $XYL

Princeton Global Asset Management LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,801 shares of the industrial products company’s stock after acquiring an additional 79 shares during the period. Princeton Global Asset Management LLC’s holdings in Xylem were worth $492,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Xylem by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company’s stock worth $3,465,122,000 after purchasing an additional 362,127 shares during the last quarter. Swedbank AB raised its position in Xylem by 13.9% during the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after buying an additional 531,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Xylem by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company’s stock worth $480,767,000 after buying an additional 274,123 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Xylem by 689.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock worth $443,074,000 after acquiring an additional 3,239,203 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Xylem by 2.9% in the first quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company’s stock valued at $401,743,000 after acquiring an additional 94,560 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on XYL. Cowen reissued a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Stifel Nicolaus lifted their price objective on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup increased their target price on Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Mizuho raised their price target on Xylem from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. Finally, Zacks Research upgraded Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Xylem Stock Performance

XYL opened at $146.00 on Monday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $151.16. The stock has a market cap of $35.54 billion, a P/E ratio of 37.92, a P/E/G ratio of 2.49 and a beta of 1.13. The stock’s 50 day simple moving average is $143.32 and its 200 day simple moving average is $131.44. 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 posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The company 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%.Xylem’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s payout ratio is presently 41.56%.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total value of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares of the company’s stock, valued at $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.