Corient Private Wealth LP Cuts Stock Position in Xylem Inc. $XYL

Key Points

• Corient Private Wealth cut its Xylem position by 72.1% in the second quarter, selling 88,353 shares and retaining 34,135 shares worth approximately $4.04 million. Institutional investors collectively own 87.96% of Xylem.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $155. Barclays and Robert W. Baird recently raised their targets to $159 and $165, respectively.
• Xylem reported quarterly EPS of $1.46, beating estimates by $0.12, while revenue reached $2.34 billion and increased 1.5% year over year. The company also declared a quarterly dividend of $0.43 per share, equivalent to a 1.6% annual yield.

Corient Private Wealth LP cut its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 72.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,135 shares of the industrial products company's stock after selling 88,353 shares during the quarter. Corient Private Wealth LP's holdings in Xylem were worth $4,035,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XYL. Commonwealth Retirement Investments LLC purchased a new stake in Xylem during the 4th quarter valued at about $27,000. Dunhill Financial LLC bought a new position in Xylem in the 2nd quarter worth $30,000. Avalon Trust Co purchased a new stake in shares of Xylem in the 2nd quarter worth about $35,000. Orion Capital Management LLC purchased a new stake in shares of Xylem in the 2nd quarter worth about $35,000. Finally, Aventus Investment Advisors Inc. boosted its stake in shares of Xylem by 66.7% during the 2nd quarter. Aventus Investment Advisors Inc. now owns 300 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Xylem from $154.00 to $159.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Mizuho lifted their price objective on Xylem from $124.00 to $130.00 and gave the company a "neutral" rating 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 report on Wednesday, July 29th. CLSA raised Xylem to a "hold" rating in a research report on Thursday, June 25th. Finally, Citigroup restated a "buy" rating on shares of Xylem in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $155.00.

Xylem Stock Performance

Shares of Xylem stock opened at $107.58 on Friday. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The firm's 50-day moving average is $115.30 and its 200 day moving average is $116.57. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Sell-side analysts anticipate that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. 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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