Asset Management One Co. Ltd. Sells 7,034 Shares of Xylem Inc. $XYL

Asset Management One Co. Ltd. reduced its stake in Xylem Inc. (NYSE:XYL) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 163,120 shares of the industrial products company’s stock after selling 7,034 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Xylem worth $24,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. grew its position in Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP bought a new position in Xylem during the second quarter valued at about $31,000. ST Germain D J Co. Inc. raised its holdings in Xylem by 950.0% in 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 in the last quarter. Signature Resources Capital Management LLC acquired a new position in Xylem in the 2nd quarter valued at approximately $39,000. Finally, Caldwell Trust Co bought a new stake in shares of Xylem in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Stifel Nicolaus boosted their price target on Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho cut their price objective on Xylem from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average price target of $166.40.

Insiders Place Their Bets

In other Xylem news, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 31,250 shares in the company, valued at approximately $4,770,000. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was 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 of the company’s stock, valued at $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Xylem Trading Up 1.4%

XYL opened at $138.96 on Tuesday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The stock has a market capitalization of $33.83 billion, a PE ratio of 35.72, a PEG ratio of 1.94 and a beta of 1.17. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $141.97 and a two-hundred day moving average price of $140.42.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share 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 quarter in the previous year, the company posted $1.11 EPS. Xylem’s revenue was up 7.8% on a year-over-year basis. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 annualized dividend and a yield of 1.2%. Xylem’s dividend payout ratio (DPR) is currently 41.13%.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.