Bank of America Corp DE Purchases New Holdings in Xylem Inc. $XYL

Key Points

• Bank of America acquired 1.84 million Xylem shares in the second quarter, valued at approximately $217.7 million, giving it a 0.79% stake. Institutional investors collectively own 87.96% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and seven Holds producing a consensus “Moderate Buy” rating and an average price target of $155.
• Xylem exceeded quarterly EPS expectations, reporting $1.46 versus the $1.34 consensus, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a $0.43 quarterly dividend, representing a 1.6% annualized yield.

Bank of America Corp DE acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,841,734 shares of the industrial products company's stock, valued at approximately $217,711,000. Bank of America Corp DE owned 0.79% of Xylem at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. XXEC Inc. purchased a new stake in shares of Xylem during the second quarter valued at $850,841,000. J. Stern & Co. LLP lifted its stake in shares of Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company's stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Xylem in the 2nd quarter valued at about $2,959,730,000. Geode Capital Management LLC boosted its stake in Xylem by 2.4% in 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 acquiring an additional 151,754 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Xylem by 0.3% in the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company's stock worth $660,444,000 after purchasing an additional 18,759 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on XYL shares. Citigroup reissued a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Robert W. Baird upped their target price on Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Stifel Nicolaus raised their price target on shares of Xylem from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Wolfe Research started coverage on Xylem in a report on Tuesday. They issued a "peer perform" rating on the stock. Finally, UBS Group boosted their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.00.

Xylem Stock Down 0.4%

NYSE XYL opened at $107.10 on Thursday. The business's fifty day simple moving average is $115.80 and its 200-day simple moving average is $116.79. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a market cap of $25.01 billion, a PE ratio of 25.50, a P/E/G ratio of 1.73 and a beta of 1.00. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data 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. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm 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. As a group, equities analysts anticipate that Xylem Inc. will post 5.66 earnings per share for the current year.

Xylem Dividend Announcement

The company 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 $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem's dividend payout ratio is 40.95%.

Xylem Company Profile

Xylem Inc NYSE: XYL is a global water technology company that develops products, services and solutions for the transportation, treatment, testing and efficient use of water and wastewater. Its customers include municipalities, utilities, industrial businesses, commercial facilities and residential users.

The company's offerings include water and wastewater pumps, controls, treatment systems, filtration and disinfection equipment, smart metering and network technologies, monitoring tools, data analytics and related maintenance services.

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.