Covea Finance Boosts Stake in Xylem Inc. $XYL

Covea Finance lifted its position in Xylem Inc. (NYSE:XYL) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,547 shares of the industrial products company’s stock after purchasing an additional 47,000 shares during the quarter. Xylem makes up 1.2% of Covea Finance’s investment portfolio, making the stock its 25th biggest holding. Covea Finance’s holdings in Xylem were worth $34,153,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management lifted its stake in Xylem by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 77 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Xylem by 2.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock valued at $492,000 after purchasing an additional 79 shares during the last quarter. Private Trust Co. NA boosted its stake in Xylem by 22.4% during the 3rd quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 84 shares during the period. Wedmont Private Capital grew its position in Xylem by 4.6% during the 3rd quarter. Wedmont Private Capital now owns 2,274 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 99 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its position in Xylem by 6.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 1,868 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 0.1%

Shares of XYL stock opened at $138.74 on Friday. The business’s fifty day moving average price is $143.35 and its 200 day moving average price is $139.69. The firm has a market capitalization of $33.78 billion, a PE ratio of 35.67, a P/E/G ratio of 2.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. 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, beating analysts’ consensus estimates of $1.23 by $0.14. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $1.11 earnings per share. Xylem’s quarterly revenue was up 7.8% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Xylem’s payout ratio is currently 41.13%.

Insider Activity

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the transaction, the director directly owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the business’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 value of $1,590,661.44. Following the sale, the executive vice president directly owned 31,250 shares in the company, valued at $4,770,000. This trade represents a 25.01% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of several recent research reports. Zacks Research downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Barclays upped their price objective on Xylem from $165.00 to $172.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. TD Cowen lifted their target price on Xylem from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Cowen restated a “hold” rating on shares of Xylem in a research note on Friday, December 5th. Finally, Argus set a $170.00 price objective on shares of Xylem in a research report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.40.

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.