Xylem Inc. $XYL Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Xylem Inc. (NYSE:XYL) by 9.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,651 shares of the industrial products company’s stock after purchasing an additional 37,189 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.17% of Xylem worth $61,629,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XYL. SJS Investment Consulting Inc. grew its stake in shares of Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares during the last quarter. First Horizon Corp acquired a new stake in Xylem in the 3rd quarter worth approximately $30,000. ST Germain D J Co. Inc. grew its position in 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 purchasing an additional 228 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Xylem during the 3rd quarter valued at approximately $34,000. Finally, Caldwell Trust Co acquired a new position in Xylem during the 2nd quarter valued at approximately $41,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the transaction, the director owned 16,875 shares in the company, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Claudia S. Toussaint sold 10,421 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 31,250 shares in the company, valued at approximately $4,770,000. The trade was a 25.01% 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.

Analysts Set New Price Targets

XYL has been the topic of a number of research analyst reports. TD Cowen reissued a “hold” rating on shares of Xylem in a report on Friday, December 5th. Robert W. Baird set a $178.00 price target on Xylem in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price objective on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Citigroup raised their price objective on Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.80.

Xylem Trading Down 1.3%

Shares of NYSE:XYL opened at $141.06 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The business has a 50 day moving average of $139.66 and a two-hundred day moving average of $141.61. The company has a market capitalization of $34.34 billion, a PE ratio of 36.26, a PEG ratio of 2.00 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, beating 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 analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $1.11 EPS. The business’s quarterly 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, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were paid 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 of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio is presently 41.13%.

Xylem 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.