Cibc World Market Inc. bought a new position in shares of Xylem Inc. (NYSE:XYL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 66,205 shares of the industrial products company’s stock, valued at approximately $7,826,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp purchased a new position in Xylem in the second quarter valued at approximately $1,483,000. Sanctuary Advisors LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $1,182,000. PEAK6 LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $1,578,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Xylem in the 2nd quarter valued at $603,000. Finally, Elefante Mark B acquired a new stake in Xylem during the 2nd quarter worth $4,532,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on XYL. CLSA raised shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada lifted their target price on Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays boosted their target price on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus upped their target price on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group lifted their price target on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.00.
Xylem Trading Down 1.2%
Shares of Xylem stock opened at $112.76 on Wednesday. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. 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 company has a market capitalization of $26.33 billion, a P/E ratio of 26.85, a PEG ratio of 1.58 and a beta of 1.02. The company’s fifty day moving average is $118.11 and its two-hundred day moving average is $119.31.
Xylem (NYSE:XYL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Xylem’s quarterly revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Analysts forecast that Xylem Inc. will post 5.66 earnings per share for the current year.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s payout ratio is 40.95%.
About Xylem
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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