BlackRock Inc. Makes New Investment in Xylem Inc. $XYL

BlackRock Inc. bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,037,896 shares of the industrial products company's stock, valued at approximately $2,959,730,000. BlackRock Inc. owned approximately 10.72% of Xylem at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XYL. Callahan Advisors LLC acquired a new position in Xylem during the 4th quarter valued at about $1,721,000. Northwestern Mutual Wealth Management Co. boosted its stake in Xylem by 2,309.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company's stock valued at $54,314,000 after buying an additional 413,904 shares during the period. Abacus Wealth Partners LLC bought a new position in shares of Xylem in the 4th quarter worth $1,663,000. Norges Bank purchased a new stake in shares of Xylem during the 4th quarter valued at $361,012,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Xylem by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,787,994 shares of the industrial products company's stock worth $243,489,000 after acquiring an additional 10,314 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on XYL. UBS Group lifted 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. Citigroup reaffirmed a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Mizuho upped their price target on shares of Xylem from $124.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. CLSA upgraded shares of Xylem to a "hold" rating in a research report on Thursday, June 25th. Finally, Stifel Nicolaus boosted their price target on Xylem from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.23.

Xylem Trading Down 3.0%

NYSE:XYL opened at $113.98 on Wednesday. The firm has a 50-day simple moving average of $117.69 and a 200-day simple moving average of $120.18. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The firm has a market cap of $26.61 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.66 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 (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities analysts anticipate that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Announces Dividend

The firm 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 dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem's dividend payout ratio is presently 40.95%.

About Xylem

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