PFG Investments LLC Purchases 275 Shares of Xylem Inc. $XYL

PFG Investments LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,190 shares of the industrial products company’s stock after acquiring an additional 275 shares during the period. PFG Investments LLC’s holdings in Xylem were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its stake in shares of Xylem by 0.9% during 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 purchasing an additional 77 shares in the last quarter. Center for Financial Planning Inc. boosted its position in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Xylem by 3.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 99 shares during the period. Valley National Advisers Inc. raised its position in shares of Xylem by 84.9% in 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 in the last quarter. Finally, Ascent Wealth Partners LLC lifted its stake in shares of Xylem by 0.7% during the 1st quarter. Ascent Wealth Partners LLC now owns 14,229 shares of the industrial products company’s stock worth $1,700,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. TD Cowen lifted their target price on Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Citigroup reissued a “buy” rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barclays started coverage on Xylem in a research report on Friday, September 19th. They set an “overweight” rating and a $165.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.33.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $139.96, for a total transaction of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. The trade was a 25.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Xylem Stock Up 0.8%

XYL stock opened at $149.02 on Friday. The stock has a market capitalization of $36.27 billion, a PE ratio of 38.71, 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 $149.93. 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 $141.61 and a 200 day moving average of $129.23.

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

Xylem Dividend Announcement

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

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.