On September 14, 2023, Empower Advisory Group LLC, an institutional investor, announced that it has acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the first quarter. According to the company’s recent 13F filing with the Securities and Exchange Commission (SEC), Empower Advisory Group LLC now owns 97,852 shares of Xylem’s stock, which is valued at approximately $10,222,000. This represents about 0.05% ownership of Xylem as of its most recent filing with the SEC.
Xylem is an industrial products company that has recently gained attention from various brokerages. TheStreet upgraded Xylem’s shares from a “c+” rating to a “b-” rating on August 17th. Additionally, 888 reissued an “initiates” rating on Xylem’s shares on June 29th. Royal Bank of Canada also provided their analysis on the stock by setting an “outperform” rating and lowering their price objective from $133.00 to $129.00 on August 3rd. Furthermore, Deutsche Bank Aktiengesellschaft initiated coverage on Xylem in late June and issued a “hold” rating with a $121.00 price objective for the stock.
In May, Robert W. Baird raised its rating for Xylem from a “neutral” to an “outperform” and increased their price objective for the company from $122.00 to $135.00.
Overall, data from Bloomberg indicates that Xylem has received mixed ratings from analysts with one giving it a sell rating, seven issuing hold ratings, and seven providing buy ratings for the company.
Regarding its financial information, Xylem opened at $95.01 per share on September 14th . Over the past year, Xylem’s stock has traded between its lowest point of $84.15 and its highest point of $118.58. The company currently has a market capitalization of $22.88 billion.
In terms of valuation, Xylem’s price-to-earnings (P/E) ratio is at 50.54 with a price-to-earnings growth (P/E/G) ratio of 2.33. The stock also has a beta of 1.09, indicating that it is slightly more volatile than the broader market.
As for its current financial health, Xylem has a debt-to-equity ratio of 0.23, suggesting that it primarily relies on equity financing. The company boasts a current ratio of 1.64 and a quick ratio of 1.14, illustrating its ability to meet short-term obligations.
While this article provides an overview of Xylem’s recent acquisition by Empower Advisory Group LLC and highlights some analysts’ opinions on the stock, investors should conduct their own thorough research before making any investment decisions based on this information.
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Investor Interest and Positive Analyst Ratings Boost Xylem Inc.’s Growth Prospects
September 14, 2023 – Xylem Inc., a leading industrial products company, has recently seen significant activity among its investors. Notably, major players such as Itau Unibanco Holding S.A., Grey Fox Wealth Advisors LLC, Creative Financial Designs Inc. ADV, Avalon Trust Co, and Orion Capital Management LLC have all acquired positions in the company during the past few quarters.
Itau Unibanco Holding S.A. entered the scene with a new position in Xylem in the fourth quarter of last year, investing $28,000. Similarly, Grey Fox Wealth Advisors LLC also purchased a new position in Xylem during the fourth quarter of last year, amounting to $28,000. Creative Financial Designs Inc. ADV followed suit by acquiring shares worth $29,000 in the first quarter of this year.
Avalon Trust Co and Orion Capital Management LLC completed this lineup of investors by purchasing positions valued at approximately $31,000 and $32,000 respectively during the first quarter of this year.
As it stands now, hedge funds and other institutional investors own an impressive majority stake in Xylem Inc., accounting for 84.53% of the company’s stock.
In other news regarding Xylem Inc., CEO Patrick Decker recently made headlines after selling 99,649 shares of the firm’s stock on July 3rd. The transaction yielded a total value of $11,122,821.38 as the shares were sold at an average price of $111.62 per share. Following this sale, Decker now holds 287k+ shares in Xylem Inc., which are valued at approximately $32 million.
Moving to analyst reports on XYL stock performance, TheStreet upgraded Xylem from a “c+” rating to a “b-” rating on August 17th. On June 29th, financial services provider 888 reaffirmed an “initiates” rating on Xylem. Royal Bank of Canada, meanwhile, reduced the company’s price target from $133.00 to $129.00 and assigned an “outperform” rating on August 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Xylem on June 28th with a “hold” rating and a $121.00 price objective.
Lastly, Robert W. Baird upgraded Xylem from a “neutral” rating to an “outperform” rating on May 31st, accompanied by a price objective increase from $122.00 to $135.00. Bloomberg data reveals that Xylem currently holds an average rating of “Hold,” with an average target price of $118.25.
Looking at the financial performance of Xylem Inc., the company released its quarterly earnings results on August 2nd, reporting earnings per share (EPS) of $0.98 for the quarter – surpassing analysts’ consensus estimate of $0.85 by $0.13.
Furthermore, Xylem witnessed a net margin of 5.81% and a return on equity of 12.74%. The company recorded revenue of $1.72 billion for the quarter, exceeding analysts’ expectations of $1.49 billion and marking a remarkable 26.2% increase compared to the same period last year.
Equities analysts predict that Xylem Inc.’s annualized earnings per share for the current year will amount to approximately $3.65.
Lastly, investors should take note that Xylem recently announced its quarterly dividend: shareholders as of record on August 31st will receive a payout of $0.33 per share on September 28th, resulting in an annualized dividend amounting to $1.32 per share and reflecting a dividend yield of 1.39%. At present, Xylem’s dividend payout ratio stands at 70.21%.
Overall, Xylem Inc. has attracted significant attention from investors and displayed impressive financial performance. This has led to positive ratings from various analysts, highlighting the company’s potential for future growth and stability in the market.
