Envestnet Asset Management Inc. Cuts Stock Holdings in Xylem Inc. $XYL

Envestnet Asset Management Inc. reduced its position in Xylem Inc. (NYSE:XYL) by 48.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,189 shares of the industrial products company’s stock after selling 137,096 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Xylem worth $18,782,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Xylem in the 2nd quarter valued at about $275,000. IFM Investors Pty Ltd increased its holdings in Xylem by 11.6% in the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock valued at $6,995,000 after buying an additional 5,617 shares during the last quarter. BROOKFIELD Corp ON raised its stake in Xylem by 26.5% during the first quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock valued at $1,956,000 after buying an additional 3,430 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Xylem by 10.9% during the 2nd quarter. Nordea Investment Management AB now owns 29,826 shares of the industrial products company’s stock worth $3,830,000 after buying an additional 2,926 shares during the last quarter. Finally, Boston Family Office LLC grew its position in shares of Xylem by 10.6% in the 1st quarter. Boston Family Office LLC now owns 86,887 shares of the industrial products company’s stock worth $10,380,000 after acquiring an additional 8,308 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XYL shares. Mizuho set a $160.00 price objective on shares of Xylem in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. TD Cowen increased their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. UBS Group raised their target price on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird set a $178.00 price target on Xylem in a research report on Wednesday, October 29th. One equities research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.20.

Insider Buying and Selling

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the transaction, the director owned 16,875 shares in the company, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claudia S. Toussaint sold 10,421 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $152.64, for a total value of $1,590,661.44. Following the completion of the transaction, the executive vice president directly owned 31,250 shares in the company, valued at $4,770,000. This represents a 25.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,121 shares of company stock worth $1,982,459. Corporate insiders own 0.27% of the company’s stock.

Xylem Trading Up 0.7%

Shares of Xylem stock opened at $150.74 on Thursday. The business has a fifty day simple moving average of $145.11 and a 200-day simple moving average of $135.22. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The firm has a market cap of $36.70 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The company has a quick ratio of 1.43, a current ratio of 1.96 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the business earned $1.11 earnings per share. Xylem’s revenue for the quarter was up 7.8% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, equities analysts forecast 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. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem’s dividend payout ratio is currently 41.13%.

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.