Bank of New York Mellon Corp Makes New Investment in Xylem Inc. $XYL

Bank of New York Mellon Corp acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,672,304 shares of the industrial products company's stock, valued at approximately $552,313,000. Bank of New York Mellon Corp owned approximately 2.00% of Xylem as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Retirement Investments LLC acquired a new stake in shares of Xylem in the 4th quarter valued at about $27,000. Wexford Capital LP bought a new position in shares of Xylem in the 3rd quarter worth $27,000. Avalon Trust Co bought a new stake in Xylem during the 2nd quarter valued at $35,000. Global Assets Advisory LLC bought a new stake in Xylem during the 1st quarter valued at $40,000. Finally, FWL Investment Management LLC bought a new position in shares of Xylem in the second quarter valued at $43,000. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

NYSE XYL opened at $113.62 on Friday. 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 company has a market cap of $26.53 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The firm's 50-day simple moving average is $118.04 and its two-hundred day simple moving average is $119.81.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $2.34 billion. During the same period in the prior year, the company posted $1.26 EPS. Xylem'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. Research analysts predict that Xylem Inc. will post 5.67 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. Stockholders of record on Thursday, August 27th will be given a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. Xylem's payout ratio is 40.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XYL shares. UBS Group lifted their price target on Xylem from $135.00 to $138.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Oppenheimer decreased their price target on Xylem from $160.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, April 29th. Barclays raised their price objective on Xylem from $154.00 to $159.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Xylem from a "hold" rating to a "buy" rating and increased their target price for the company from $130.00 to $140.00 in a report on Thursday, June 25th. Finally, Stifel Nicolaus upped their price objective on shares of Xylem from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus target price 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.

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