Resona Asset Management Co. Ltd. Raises Stock Position in Xylem Inc. $XYL

Resona Asset Management Co. Ltd. grew its stake in Xylem Inc. (NYSE:XYL) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,882 shares of the industrial products company’s stock after purchasing an additional 4,754 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Xylem were worth $11,609,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XYL. Maseco LLP purchased a new position in shares of Xylem during the second quarter valued at about $31,000. ST Germain D J Co. Inc. boosted its position in Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 228 shares in the last quarter. Headlands Technologies LLC boosted its position in Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 145 shares in the last quarter. Signature Resources Capital Management LLC purchased a new position in shares of Xylem during the 2nd quarter worth approximately $39,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Xylem in the 1st quarter worth approximately $40,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $151.27 on Friday. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.50 and a beta of 1.15. The firm’s 50-day moving average is $145.43 and its 200 day moving average is $135.62. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.43.

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

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem’s dividend payout ratio is 41.13%.

Analysts Set New Price Targets

XYL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Xylem in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Xylem from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Citigroup increased their price target on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $178.00 price target on shares of Xylem in a research report on Wednesday, October 29th. Finally, Mizuho set a $160.00 price objective on shares of Xylem in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.90.

Insider Buying and Selling at Xylem

In other Xylem 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 transaction of $139,960.00. Following the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at approximately $413,861.72. This trade represents a 25.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Claudia S. Toussaint sold 10,421 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total value of $1,590,661.44. Following the completion of the transaction, the executive vice president owned 31,250 shares of the company’s stock, valued at $4,770,000. This represents a 25.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 13,121 shares of company stock worth $1,982,459. Insiders own 0.27% of the company’s stock.

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.