Triodos Investment Management BV increased its position in shares of Xylem Inc. (NYSE:XYL – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,500 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Xylem makes up about 2.3% of Triodos Investment Management BV’s portfolio, making the stock its 19th biggest holding. Triodos Investment Management BV owned approximately 0.10% of Xylem worth $31,111,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its holdings in shares of Xylem by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock worth $1,102,000 after acquiring an additional 77 shares during the period. Center for Financial Planning Inc. boosted its holdings in shares of Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Xylem by 3.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 99 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 101 shares during the period. Finally, Ascent Wealth Partners LLC boosted its holdings in shares of Xylem by 0.7% in the first quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company’s stock worth $1,700,000 after acquiring an additional 101 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.
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 dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the sale, the chief accounting officer owned 2,957 shares of the company’s stock, valued at approximately $413,861.72. The trade was a 25.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.
Xylem Trading Down 0.9%
Xylem (NYSE:XYL – Get Free Report) 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 return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.
Xylem Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 28th. Xylem’s payout ratio is 41.56%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a report on Wednesday. TD Cowen raised their price target on Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, August 26th. Citigroup raised their price target on Xylem from $168.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Finally, Mizuho boosted their target price on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. 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 stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $154.67.
View Our Latest Stock Analysis on Xylem
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.
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