Legal & General Group Plc acquired a new stake in shares of Xylem Inc. (NYSE:XYL – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,728,792 shares of the industrial products company’s stock, valued at approximately $204,360,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC bought a new position in shares of Xylem in the 4th quarter valued at $27,000. Wexford Capital LP bought a new stake in shares of Xylem during the 3rd quarter worth $27,000. Dunhill Financial LLC bought a new stake in shares of Xylem during the 2nd quarter worth $30,000. Avalon Trust Co acquired a new stake in Xylem in the second quarter valued at about $35,000. Finally, Global Assets Advisory LLC acquired a new stake in Xylem in the first quarter valued at about $40,000. 87.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on XYL. CLSA upgraded Xylem to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their price target on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group lifted their price target on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer lowered their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.00.
Xylem Stock Up 0.6%
Shares of XYL opened at $113.51 on Thursday. The company has a market capitalization of $26.50 billion, a PE ratio of 27.03, a PEG ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The stock’s 50-day moving average price is $118.18 and its two-hundred day moving average price is $119.13. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23.
Xylem (NYSE:XYL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’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. On average, analysts anticipate that Xylem Inc. will post 5.66 EPS for the current year.
Xylem Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio is currently 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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