Bank of Nova Scotia bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 63,554 shares of the industrial products company's stock, valued at approximately $7,513,000.
A number of other institutional investors have also added to or reduced their stakes in XYL. Callahan Advisors LLC purchased a new stake in shares of Xylem during the 4th quarter valued at approximately $1,721,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Xylem by 2,309.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company's stock valued at $54,314,000 after purchasing an additional 413,904 shares during the period. Abacus Wealth Partners LLC purchased a new stake in Xylem during the 4th quarter worth about $1,663,000. Norges Bank purchased a new stake in Xylem during the 4th quarter worth about $361,012,000. Finally, MUFG Securities EMEA plc boosted its stake in Xylem by 608.1% in the 4th quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company's stock worth $4,493,000 after purchasing an additional 28,331 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.
Xylem Trading Up 0.7%
XYL stock opened at $114.18 on Tuesday. The company has a market capitalization of $26.66 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The company's 50 day moving average price is $118.10 and its two-hundred day moving average price is $119.50.
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. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The firm's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts predict that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.
Xylem Announces Dividend
The business also recently announced 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem's payout ratio is 40.95%.
Wall Street Analyst Weigh In
XYL has been the subject of a number of recent analyst reports. Oppenheimer reduced their target price on Xylem from $160.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, April 29th. Robert W. Baird upped their target price on shares of Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Citigroup reissued a "buy" rating on shares of Xylem in a report on Wednesday, July 29th. UBS Group boosted their price target on shares of Xylem from $135.00 to $138.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group upped their price target on shares of Xylem from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $155.00.
Get Our Latest Analysis on XYL
About Xylem
(
Free Report)
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.
Read More
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.
Before you consider Xylem, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xylem wasn't on the list.
While Xylem currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
