Eastern Bank Sells 17,739 Shares of Xylem Inc. $XYL
by Tristan Rich · The Markets DailyEastern Bank reduced its stake in Xylem Inc. (NYSE:XYL – Free Report) by 60.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,731 shares of the industrial products company’s stock after selling 17,739 shares during the period. Eastern Bank’s holdings in Xylem were worth $1,387,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in Xylem in the 4th quarter worth about $27,000. Wexford Capital LP bought a new stake in Xylem during the 3rd quarter valued at about $27,000. Global Assets Advisory LLC purchased a new position in Xylem in the first quarter worth about $40,000. FWL Investment Management LLC purchased a new position in Xylem in the second quarter worth about $43,000. Finally, Entrust Financial LLC bought a new position in shares of Xylem in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Mizuho upped their price objective on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. cut their target price on Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Stifel Nicolaus lifted their target price on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group upgraded Xylem from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price of $154.00.
Get Our Latest Stock Report on Xylem
Insider Transactions at Xylem
In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the sale, the chief accounting officer directly owned 3,605 shares in the company, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.
Xylem Stock Up 2.5%
XYL stock opened at $122.05 on Wednesday. The company has a market cap of $28.50 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The business’s 50-day moving average is $115.63 and its two-hundred day moving average is $121.73. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27.
Xylem (NYSE:XYL – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $1.26 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts forecast that Xylem Inc. will post 5.67 earnings per share for the current year.
Xylem Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. Xylem’s dividend payout ratio (DPR) is presently 40.95%.
Xylem Company Profile
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
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