AMG National Trust Bank Makes New Investment in Xylem Inc. $XYL

AMG National Trust Bank acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,849 shares of the industrial products company's stock, valued at approximately $5,538,000.

Several other large investors have also recently made changes to their positions in XYL. J. Stern & Co. LLP lifted its stake in Xylem by 12,326.6% in the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company's stock valued at $6,189,132,000 after purchasing an additional 45,082,435 shares during the last quarter. Vanguard Group Inc. increased its holdings in Xylem by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company's stock worth $4,092,855,000 after acquiring an additional 152,507 shares during the last quarter. State Street Corp raised its stake in Xylem by 2.6% in the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company's stock valued at $1,529,768,000 after acquiring an additional 280,221 shares during the period. Geode Capital Management LLC lifted its holdings in Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company's stock valued at $862,364,000 after purchasing an additional 151,754 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Xylem by 0.3% during the first quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company's stock valued at $660,444,000 after purchasing an additional 18,759 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

XYL stock opened at $119.75 on Monday. The firm has a 50 day moving average of $117.47 and a 200-day moving average of $120.49. The firm has a market capitalization of $27.96 billion, a P/E ratio of 28.51, a price-to-earnings-growth 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 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 posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.12. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. Xylem's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued 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 1.4%. Xylem's payout ratio is presently 40.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of Xylem from $160.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, April 29th. UBS Group upped their price target on shares of Xylem from $135.00 to $138.00 and gave the company a "neutral" rating in a research note on Thursday. Barclays raised their price objective on shares of Xylem from $154.00 to $159.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Xylem from a "hold" rating to a "buy" rating and lifted their price objective for the company from $130.00 to $140.00 in a research note on Thursday, June 25th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $154.23.

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.

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source