Xylem Inc. $XYL Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Xylem Inc. (NYSE:XYL) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,261 shares of the industrial products company’s stock after acquiring an additional 16,840 shares during the quarter. Fisher Asset Management LLC owned 0.16% of Xylem worth $49,191,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Maseco LLP purchased a new stake in Xylem during the second quarter worth about $31,000. ST Germain D J Co. Inc. lifted its position 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 valued at $33,000 after acquiring an additional 228 shares during the period. Headlands Technologies LLC boosted its stake in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 145 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Xylem during the 2nd quarter worth approximately $39,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Xylem in the 1st quarter worth approximately $40,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XYL shares. UBS Group boosted their target price on Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Citigroup boosted their price objective on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Cowen reissued a “hold” rating on shares of Xylem in a research note on Tuesday, August 26th. Barclays lifted their target price on shares of Xylem from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, TD Cowen increased their price target on shares of Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.90.

Xylem Stock Performance

NYSE:XYL opened at $139.44 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.43. The firm has a market cap of $33.95 billion, a PE ratio of 35.85, a P/E/G ratio of 2.50 and a beta of 1.18. The firm has a 50 day simple moving average of $145.97 and a 200-day simple moving average of $138.39. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27.

Xylem (NYSE:XYL) last released its 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 during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $1.11 EPS. Xylem’s revenue for the quarter was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. On average, equities analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 25th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem’s dividend payout ratio is 41.13%.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the 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 transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,121 shares of company stock valued at $1,982,459. Insiders own 0.27% of the company’s stock.

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.