J. Safra Sarasin Holding AG Sells 6,586 Shares of Xylem Inc. $XYL

J. Safra Sarasin Holding AG trimmed its position in Xylem Inc. (NYSE:XYL) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 113,736 shares of the industrial products company’s stock after selling 6,586 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Xylem were worth $14,713,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. increased its holdings 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 acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in shares of Xylem in the first quarter valued at $27,000. Maseco LLP bought a new position in shares of Xylem in the second quarter valued at about $31,000. Center for Financial Planning Inc. lifted its stake in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of 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 buying an additional 228 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $149.02 on Friday. The company has a market cap of $36.27 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.56 and a beta of 1.13. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $149.93. 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 stock has a fifty day moving average price of $141.61 and a 200-day moving average price of $129.23.

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

Xylem Dividend Announcement

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

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $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 available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Cowen reiterated a “hold” rating on shares of Xylem in a research note on Tuesday, August 26th. TD Cowen upped 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. Citigroup reissued a “buy” rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Zacks Research raised Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.33.

About Xylem

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.