Fred Alger Management LLC Purchases New Holdings in Xylem Inc. $XYL

Fred Alger Management LLC purchased a new stake in Xylem Inc. (NYSE:XYL) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 3,671 shares of the industrial products company’s stock, valued at approximately $439,000.

Several other institutional investors have also made changes to their positions in the stock. Dynamic Advisor Solutions LLC bought a new stake in Xylem during the first quarter worth $694,000. Farther Finance Advisors LLC lifted its stake in shares of Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 419 shares during the last quarter. NBC Securities Inc. bought a new position in Xylem during the 1st quarter worth $72,000. Cambridge Investment Research Advisors Inc. raised its position in Xylem by 19.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company’s stock worth $3,251,000 after purchasing an additional 4,429 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Xylem by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 956 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the transaction, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Xylem Stock Performance

XYL stock opened at $137.81 on Thursday. The firm has a market cap of $33.54 billion, a PE ratio of 35.80, a P/E/G ratio of 2.38 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $137.82 and a 200-day moving average of $127.43. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33.

Xylem (NYSE:XYL) last released 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. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.Xylem’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.2%. Xylem’s dividend payout ratio is presently 41.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Cowen reissued a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. TD Cowen boosted their target price on Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their target price on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, UBS Group boosted their target price on Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.29.

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.