DAVENPORT & Co LLC Has $90.66 Million Stock Holdings in Xylem Inc. $XYL

DAVENPORT & Co LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,078 shares of the industrial products company’s stock after purchasing an additional 2,304 shares during the period. DAVENPORT & Co LLC owned 0.29% of Xylem worth $90,655,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after buying an additional 101 shares during the period. Maseco LLP bought a new position in Xylem during the second quarter worth $31,000. ST Germain D J Co. Inc. grew its holdings in Xylem by 950.0% in the second 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 period. Center for Financial Planning Inc. increased its stake in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Xylem during the second quarter valued at about $39,000. 87.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the transaction, the chief accounting officer directly owned 2,957 shares of the company’s stock, valued at $413,861.72. This trade represents a 25.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Barclays began coverage on Xylem in a research note on Friday, September 19th. They issued an “overweight” rating and a $165.00 target price for the company. UBS Group boosted their price objective on Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Mizuho upped their target price on Xylem from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Cowen reissued a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. Finally, TD Cowen upped their price objective on shares of Xylem from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.33.

Xylem Stock Performance

NYSE XYL opened at $149.99 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The company has a market capitalization of $36.51 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 2.59 and a beta of 1.13. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $150.98. The company has a 50-day simple moving average of $141.96 and a 200 day simple moving average of $129.55.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem’s dividend payout ratio (DPR) is 41.56%.

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.