Venturi Wealth Management LLC Reduces Position in Xylem Inc. $XYL

Venturi Wealth Management LLC cut its stake in shares of Xylem Inc. (NYSE:XYL) by 5.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,397 shares of the industrial products company’s stock after selling 242 shares during the quarter. Venturi Wealth Management LLC’s holdings in Xylem were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in XYL. Price T Rowe Associates Inc. MD grew its holdings in shares of Xylem by 689.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company’s stock valued at $443,074,000 after buying an additional 3,239,203 shares during the last quarter. Nuveen LLC acquired a new position in Xylem during the first quarter valued at $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Xylem by 390.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock valued at $122,009,000 after purchasing an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Xylem during the first quarter valued at $89,828,000. Finally, Swedbank AB lifted its position in Xylem by 13.9% during the second quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock valued at $564,906,000 after purchasing an additional 531,890 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. UBS Group boosted their target price on shares of Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Stifel Nicolaus boosted their target price on shares of Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Citigroup boosted their target price on shares of Xylem from $168.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

Xylem Trading Down 0.9%

Shares of Xylem stock opened at $146.83 on Friday. The firm has a 50-day simple moving average of $143.03 and a two-hundred day simple moving average of $130.20. The company has a market cap of $35.74 billion, a P/E ratio of 38.14, a price-to-earnings-growth 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 $151.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were paid 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 dividend yield of 1.1%. Xylem’s payout ratio is currently 41.56%.

Insider Activity at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were 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 owned 2,957 shares of the company’s stock, valued at $413,861.72. The trade was 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 this link. 0.27% of the stock is owned by corporate insiders.

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.