122,042 Shares in Xylem Inc. $XYL Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 122,042 Xylem shares worth approximately $14.4 million, giving it a 0.05% stake. Institutional investors and hedge funds collectively own 87.96% of XYL.
• Analysts maintain a positive outlook, with nine Buy ratings and six Holds, an overall “Moderate Buy” consensus, and an average price target of $155.
• Xylem beat quarterly earnings expectations with $1.46 EPS versus $1.34 projected, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, representing a 1.5% annualized yield.

The Manufacturers Life Insurance Company acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 122,042 shares of the industrial products company's stock, valued at approximately $14,423,000. The Manufacturers Life Insurance Company owned about 0.05% of Xylem at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XYL. Orion Porfolio Solutions LLC boosted its holdings in shares of Xylem by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company's stock valued at $1,151,000 after purchasing an additional 74 shares in the last quarter. Quest Investment Management LLC raised its holdings in shares of Xylem by 1.0% during the 3rd quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company's stock worth $1,119,000 after buying an additional 77 shares in the last quarter. Notis McConarty Edward lifted its position in shares of Xylem by 0.3% during the 4th quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company's stock worth $4,314,000 after buying an additional 86 shares during the last quarter. Moneco Advisors LLC lifted its position in shares of Xylem by 4.6% during the 4th quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company's stock worth $279,000 after buying an additional 90 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in Xylem by 4.2% in the fourth quarter. Compound Planning Inc. now owns 2,258 shares of the industrial products company's stock valued at $308,000 after buying an additional 91 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on XYL shares. Jefferies Financial Group boosted their target price on Xylem from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday. Royal Bank Of Canada lifted their price target on shares of Xylem from $159.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Robert W. Baird upped their price objective on shares of Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Mizuho increased their price objective on shares of Xylem from $124.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, Barclays raised their target price 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. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.00.

Xylem Stock Performance

Shares of XYL stock opened at $111.44 on Friday. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 and a beta of 1.02. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $118.20 and its 200-day moving average price is $118.87. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) 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 the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm's 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. Equities research analysts forecast that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be paid 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 dividend payout ratio (DPR) is presently 40.95%.

Xylem 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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