Meeder Asset Management Inc. acquired a new stake in Xylem Inc. (NYSE:XYL – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 115,536 shares of the industrial products company’s stock, valued at approximately $13,658,000.
Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Xylem by 14.4% during the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after acquiring an additional 3,900 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares during the period. Empowered Funds LLC increased its stake in Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after purchasing an additional 3,120 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Xylem by 97.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,151 shares of the industrial products company’s stock valued at $1,442,000 after purchasing an additional 5,509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Xylem by 114.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,192 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 635 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.
Analysts Set New Price Targets
XYL has been the subject of several research reports. UBS Group raised their target price on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays upped their price target on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Mizuho raised their price objective on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. CLSA raised Xylem to a “hold” rating in a research report on Thursday, June 25th. Finally, Oppenheimer reduced their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.23.
Xylem Trading Down 1.7%
XYL opened at $117.59 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The firm has a market capitalization of $27.46 billion, a PE ratio of 28.00, a P/E/G ratio of 1.66 and a beta of 1.02. The company’s 50-day moving average is $117.63 and its 200 day moving average is $120.33.
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. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, research analysts predict that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.
Xylem Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. Xylem’s payout ratio 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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