Hsbc Holdings PLC Buys Shares of 2,705,479 Xylem Inc. $XYL

Hsbc Holdings PLC bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,705,479 shares of the industrial products company's stock, valued at approximately $319,785,000. Hsbc Holdings PLC owned about 1.16% of Xylem as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wexford Capital LP bought a new position in shares of Xylem during the 3rd quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new stake in Xylem in the fourth quarter worth $27,000. Dunhill Financial LLC acquired a new position in Xylem during the second quarter worth $30,000. Avalon Trust Co bought a new position in Xylem during the second quarter valued at about $35,000. Finally, Entrust Financial LLC bought a new position in Xylem during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Down 1.2%

XYL stock opened at $112.76 on Wednesday. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.02. The company has a 50-day moving average of $118.11 and a two-hundred day moving average of $119.31. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. 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 posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business 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 posted $1.26 earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem's payout ratio is currently 40.95%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on XYL shares. 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 research note on Wednesday, July 29th. Citigroup reissued a "buy" rating on shares of Xylem in a research note on Wednesday, July 29th. Mizuho boosted their target price on Xylem from $124.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Barclays upped their target price on Xylem from $154.00 to $159.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on Xylem from $145.00 to $150.00 and gave the company a "buy" rating in a report on Monday. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.00.

Xylem Company 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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