RD Lewis Holdings Inc. Boosts Position in Xylem Inc. $XYL

RD Lewis Holdings Inc. raised its stake in Xylem Inc. (NYSE:XYL) by 49.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,373 shares of the industrial products company’s stock after acquiring an additional 2,762 shares during the period. RD Lewis Holdings Inc.’s holdings in Xylem were worth $1,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its holdings in shares of Xylem by 0.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 77 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in Xylem by 2.1% in the second quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock valued at $492,000 after acquiring an additional 79 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Xylem by 6.1% during the second quarter. Cidel Asset Management Inc. now owns 1,868 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 108 shares during the last quarter. Harrington Investments INC increased its position in shares of Xylem by 0.5% during the second quarter. Harrington Investments INC now owns 21,962 shares of the industrial products company’s stock worth $2,841,000 after purchasing an additional 120 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Xylem by 3.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,389 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the subject of a number of research analyst reports. 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. Argus set a $170.00 price objective on Xylem in a research note on Wednesday, October 29th. Barclays increased their price objective on Xylem from $165.00 to $172.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho set a $160.00 target price on shares of Xylem in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.90.

Insider Transactions at Xylem

In related news, EVP Claudia S. Toussaint sold 10,421 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the completion of the transaction, the executive vice president directly owned 31,250 shares of the company’s stock, valued at $4,770,000. This represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Victoria D. Harker sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the sale, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,121 shares of company stock worth $1,982,459. Company insiders own 0.27% of the company’s stock.

Xylem Stock Up 1.6%

Xylem stock opened at $140.21 on Friday. The stock has a 50 day moving average of $146.16 and a two-hundred day moving average of $137.42. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.50 and a beta of 1.15. The company has a current ratio of 1.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. As a group, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is presently 41.13%.

Xylem Company 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.