HB Wealth Management LLC Reduces Position in Xylem Inc. $XYL

HB Wealth Management LLC cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 26.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,546 shares of the industrial products company’s stock after selling 2,026 shares during the period. HB Wealth Management LLC’s holdings in Xylem were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. NBC Securities Inc. acquired a new position in Xylem during the first quarter valued at $72,000. Merit Financial Group LLC lifted its position in Xylem by 13.0% during the first quarter. Merit Financial Group LLC now owns 2,707 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 312 shares during the period. Procyon Advisors LLC lifted its position in Xylem by 13.1% during the first quarter. Procyon Advisors LLC now owns 3,601 shares of the industrial products company’s stock valued at $430,000 after purchasing an additional 416 shares during the period. Chemistry Wealth Management LLC acquired a new position in Xylem during the first quarter valued at $205,000. Finally, Perkins Coie Trust Co acquired a new position in Xylem during the first quarter valued at $27,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Xylem

In related 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 transaction 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. This represents a 25.27% decrease in their position. 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 Stock Up 0.7%

Shares of NYSE XYL opened at $149.99 on Friday. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $150.98. The stock has a market cap of $36.51 billion, a PE ratio of 38.96, a P/E/G ratio of 2.59 and a beta of 1.13. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $141.96 and a 200 day moving average of $129.48.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Xylem’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. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XYL shares. Mizuho boosted their target price on shares of Xylem from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. TD Cowen upped their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a research report on Saturday, September 27th. Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, UBS Group upped their price objective on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.33.

About Xylem

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.