Xylem Inc. $XYL Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. cut its stake in Xylem Inc. (NYSE:XYL) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,754 shares of the industrial products company’s stock after selling 36,353 shares during the period. Xylem makes up approximately 1.6% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 18th largest holding. Quintet Private Bank Europe S.A.’s holdings in Xylem were worth $28,136,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of XYL. Dimensional Fund Advisors LP increased its stake in Xylem by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,858,899 shares of the industrial products company’s stock valued at $222,049,000 after purchasing an additional 30,595 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in Xylem in the first quarter valued at $205,000. Cresset Asset Management LLC increased its position in shares of Xylem by 14.4% in the first quarter. Cresset Asset Management LLC now owns 4,731 shares of the industrial products company’s stock valued at $565,000 after buying an additional 596 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Xylem by 7.9% during the 1st quarter. Raymond James Financial Inc. now owns 376,253 shares of the industrial products company’s stock worth $44,947,000 after buying an additional 27,657 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Xylem during the 1st quarter worth $558,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XYL shares. Robert W. Baird set a $178.00 price objective on shares of Xylem in a research note on Wednesday, October 29th. Barclays increased their price target on shares of Xylem from $165.00 to $172.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Citigroup increased their target price on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, UBS Group raised their price target on Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.40.

Xylem Stock Down 0.5%

XYL stock opened at $137.59 on Wednesday. The company has a 50 day moving average price of $144.46 and a two-hundred day moving average price of $139.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. The stock has a market capitalization of $33.50 billion, a P/E ratio of 35.37, a PEG ratio of 2.14 and a beta of 1.18. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27.

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

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $1.60 annualized dividend and a yield of 1.2%. Xylem’s payout ratio is 41.13%.

Insider Transactions at Xylem

In other 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 transaction, the executive vice president directly owned 31,250 shares in the company, valued at $4,770,000. This represents a 25.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

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.