Notis McConarty Edward Buys 335 Shares of Xylem Inc. $XYL

Notis McConarty Edward raised its stake in Xylem Inc. (NYSE:XYL) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,427 shares of the industrial products company’s stock after acquiring an additional 335 shares during the quarter. Xylem makes up approximately 2.0% of Notis McConarty Edward’s investment portfolio, making the stock its 19th largest position. Notis McConarty Edward’s holdings in Xylem were worth $4,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AFG Fiduciary Services Limited Partnership bought a new position in shares of Xylem in the second quarter worth about $275,000. IFM Investors Pty Ltd lifted its holdings in shares of Xylem by 11.6% in the second quarter. IFM Investors Pty Ltd now owns 54,073 shares of the industrial products company’s stock worth $6,995,000 after acquiring an additional 5,617 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem in the first quarter worth about $694,000. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 419 shares during the last quarter. Finally, BROOKFIELD Corp ON raised its holdings in Xylem by 26.5% in the 1st quarter. BROOKFIELD Corp ON now owns 16,375 shares of the industrial products company’s stock valued at $1,956,000 after buying an additional 3,430 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $148.22 on Thursday. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $151.16. 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 firm has a 50 day moving average of $142.98 and a 200-day moving average of $130.02.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly 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, equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were issued 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 currently 41.56%.

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction 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 directly owned 2,957 shares in the company, 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. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. Barclays initiated coverage on shares of Xylem in a report on Friday, September 19th. They issued an “overweight” rating and a $165.00 price objective for the company. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Cowen reiterated a “hold” rating on shares of Xylem in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Xylem in a report on Wednesday. Finally, Mizuho raised their price objective on shares of Xylem from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.33.

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.