Sava Infond d.o.o. reduced its position in shares of Xylem Inc. (NYSE:XYL – Free Report) by 48.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,900 shares of the industrial products company’s stock after selling 1,800 shares during the quarter. Sava Infond d.o.o.’s holdings in Xylem were worth $246,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of XYL. Valley National Advisers Inc. boosted its stake 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 worth $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co bought a new stake in shares of Xylem during the 1st quarter worth $27,000. Maseco LLP bought a new stake in shares of Xylem during the 2nd quarter worth $31,000. Center for Financial Planning Inc. boosted its stake in shares of Xylem by 52.0% during the 1st 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 in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake 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 worth $33,000 after acquiring an additional 228 shares in the last quarter. 87.96% of the stock is owned by institutional investors.
Insider Activity
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 completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.
Xylem Price Performance
Xylem (NYSE:XYL – Get Free Report) last announced 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. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned $1.09 earnings per share. Xylem’s quarterly 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. As a group, sell-side analysts predict 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. Investors 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 was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is currently 41.56%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Cowen reissued a “hold” rating on shares of Xylem in a research note on Tuesday, August 26th. Mizuho raised their price objective on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a research report on Saturday, September 27th. TD Cowen raised their target price on Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Finally, UBS Group raised their target price on Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.33.
Read Our Latest Research Report on XYL
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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