Meeder Asset Management Inc. Acquires New Holdings in Xylem Inc. $XYL

Key Points

• Meeder Asset Management acquired 115,536 Xylem shares during the second quarter, valued at approximately $13.7 million. Institutional investors collectively own 87.96% of the company.
• Analyst sentiment is favorable, with nine Buy ratings and six Holds giving Xylem a consensus “Moderate Buy” rating and an average price target of $154.23.
• Xylem exceeded quarterly earnings expectations, reporting $1.46 in EPS versus the $1.34 consensus, while revenue increased 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share.

Meeder Asset Management Inc. bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 115,536 shares of the industrial products company's stock, valued at approximately $13,658,000.

Other institutional investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP raised its stake in shares of Xylem by 12,326.6% during the fourth 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 acquiring an additional 45,082,435 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Xylem by 0.5% in 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. BlackRock Inc. bought a new stake in shares of Xylem in the second quarter worth $2,959,730,000. State Street Corp increased its holdings in Xylem by 2.6% in the fourth quarter. State Street Corp now owns 11,233,427 shares of the industrial products company's stock valued at $1,529,768,000 after purchasing an additional 280,221 shares during the period. Finally, Geode Capital Management LLC raised its position in Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company's stock worth $862,364,000 after purchasing an additional 151,754 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on XYL. Jefferies Financial Group raised Xylem from a "hold" rating to a "buy" rating and lifted their target price for the stock from $130.00 to $140.00 in a report on Thursday, June 25th. CLSA upgraded Xylem to a "hold" rating in a research report on Thursday, June 25th. Citigroup restated a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. Finally, Stifel Nicolaus upped their target price on Xylem from $157.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.23.

Xylem Price Performance

Shares of NYSE XYL opened at $117.59 on Tuesday. The company has a market capitalization of $27.46 billion, a PE ratio of 28.00, a P/E/G ratio of 1.66 and a beta of 1.02. 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 Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The firm has a fifty day simple moving average of $117.63 and a 200 day simple moving average of $120.33.

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, 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 business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts forecast that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

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

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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