Man Group plc Takes Position in Xylem Inc. $XYL

Key Points

• Man Group plc acquired 767,383 shares of Xylem during the second quarter, worth approximately $90.7 million and representing about 0.33% of the company. Institutional investors collectively own nearly 88% of Xylem’s stock.
• Analysts maintain a generally positive outlook, with nine Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $155.
• Xylem exceeded quarterly earnings expectations, reporting adjusted EPS of $1.46 versus the $1.34 consensus estimate, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, equating to a 1.5% annualized yield.

Man Group plc purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 767,383 shares of the industrial products company's stock, valued at approximately $90,712,000. Man Group plc owned about 0.33% of Xylem as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Commonwealth Retirement Investments LLC acquired a new position in Xylem during the 4th quarter valued at about $27,000. Wexford Capital LP acquired a new stake in shares of Xylem in the third quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in shares of Xylem in the second quarter valued at approximately $30,000. Avalon Trust Co bought a new stake in shares of Xylem during the second quarter valued at approximately $35,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Xylem during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Xylem from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. CLSA raised Xylem to a "hold" rating in a research note on Thursday, June 25th. Citigroup reiterated a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Robert W. Baird increased 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. Finally, Mizuho raised their price target on Xylem from $124.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.00.

Xylem Price Performance

NYSE:XYL opened at $112.76 on Wednesday. The business's 50-day moving average price is $118.11 and its 200 day moving average price is $119.31. The firm has a market cap of $26.33 billion, a P/E ratio of 26.85, a PEG ratio of 1.58 and a beta of 1.02. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $2.34 billion. During the same period in the previous year, the business earned $1.26 earnings per share. Xylem's revenue for the quarter was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem's dividend payout ratio (DPR) 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.

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