California State Teachers Retirement System Boosts Stock Holdings in Xylem Inc. $XYL

Key Points

• California State Teachers Retirement System increased its Xylem stake by 11,093.8% in the second quarter, acquiring nearly 44 million additional shares and holding about 19% of the company, valued at approximately $5.24 billion.
• Analysts maintain a generally positive view of Xylem, with a “Moderate Buy” consensus rating and an average price target of $155; nine analysts rate the stock a Buy while six recommend Hold.
• Xylem reported quarterly EPS of $1.46, exceeding estimates of $1.34, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, representing a 1.6% yield.

California State Teachers Retirement System boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 11,093.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,361,731 shares of the industrial products company's stock after purchasing an additional 43,965,426 shares during the period. California State Teachers Retirement System owned about 19.00% of Xylem worth $5,244,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Callahan Advisors LLC purchased a new stake in Xylem during the fourth quarter worth about $1,721,000. Northwestern Mutual Wealth Management Co. increased its holdings in Xylem by 2,309.7% in 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 in the last quarter. Abacus Wealth Partners LLC purchased a new position in Xylem in the fourth quarter valued at about $1,663,000. Norges Bank acquired a new stake in shares of Xylem during the 4th quarter valued at approximately $361,012,000. Finally, Franklin Resources Inc. boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XYL. Royal Bank Of Canada upped their price target on Xylem from $159.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. UBS Group boosted their target price on Xylem from $135.00 to $138.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. CLSA raised Xylem to a "hold" rating in a report on Thursday, June 25th. Finally, Robert W. Baird lifted their price target on Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.00.

Xylem Stock Down 1.2%

XYL stock opened at $107.47 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The company's 50 day simple moving average is $116.99 and its 200-day simple moving average is $117.55. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The firm has a market capitalization of $25.09 billion, a PE ratio of 25.59, a P/E/G ratio of 1.75 and a beta of 1.00.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company's quarterly 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. Equities analysts expect that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed 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. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 27th. Xylem's dividend payout ratio is currently 40.95%.

Xylem 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.

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