Flputnam Investment Management Co. Purchases New Shares in Xylem Inc. $XYL

Flputnam Investment Management Co. acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,367 shares of the industrial products company's stock, valued at approximately $7,018,000.

A number of other hedge funds have also bought and sold shares of the company. J. Stern & Co. LLP grew its holdings in Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company's stock valued at $6,189,132,000 after purchasing an additional 45,082,435 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Xylem by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company's stock worth $4,092,855,000 after purchasing an additional 152,507 shares during the last quarter. State Street Corp lifted its holdings in Xylem by 2.6% during the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company's stock valued at $1,529,768,000 after buying an additional 280,221 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company's stock valued at $862,364,000 after acquiring an additional 151,754 shares in the last quarter. Finally, Swedbank AB increased its holdings in Xylem by 0.3% during the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company's stock worth $660,444,000 after purchasing an additional 18,759 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of Xylem stock opened at $119.75 on Monday. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The company has a 50 day moving average price of $117.47 and a 200 day moving average price of $120.49. 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 firm has a market capitalization of $27.96 billion, a P/E ratio of 28.51, a PEG ratio of 1.66 and a beta of 1.02.

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 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The business'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. Sell-side analysts expect that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 yield of 1.4%. The ex-dividend date is Thursday, August 27th. Xylem's payout ratio is presently 40.95%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of research analyst reports. Barclays lifted their target price on Xylem from $154.00 to $159.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Oppenheimer cut their price target on Xylem from $160.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, April 29th. Citigroup reissued a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Jefferies Financial Group upgraded Xylem from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Finally, Robert W. Baird raised their price objective on Xylem from $163.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Xylem has an average rating of "Moderate Buy" and an average target price of $154.23.

Xylem 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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