National Pension Service lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 409,373 shares of the industrial products company's stock after purchasing an additional 53,221 shares during the quarter. National Pension Service owned 0.18% of Xylem worth $48,392,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in XYL. Integrated Wealth Concepts LLC boosted its stake in Xylem by 28.3% during the second quarter. Integrated Wealth Concepts LLC now owns 6,320 shares of the industrial products company's stock valued at $747,000 after buying an additional 1,395 shares during the period. NewEdge Advisors LLC increased its position in shares of Xylem by 31.9% in the second quarter. NewEdge Advisors LLC now owns 46,059 shares of the industrial products company's stock worth $5,445,000 after purchasing an additional 11,136 shares during the last quarter. Baird Financial Group Inc. raised its stake in Xylem by 2.2% in the second quarter. Baird Financial Group Inc. now owns 329,900 shares of the industrial products company's stock valued at $38,998,000 after purchasing an additional 7,015 shares in the last quarter. Arizona State Retirement System raised its stake in Xylem by 5.4% in the second quarter. Arizona State Retirement System now owns 69,712 shares of the industrial products company's stock valued at $8,241,000 after purchasing an additional 3,546 shares in the last quarter. Finally, West Family Investments Inc. bought a new stake in Xylem during the second quarter valued at approximately $822,000. Hedge funds and other institutional investors own 87.96% of the company's stock.
Xylem Trading Up 0.4%
NYSE:XYL opened at $106.99 on Friday. The firm has a market capitalization of $24.98 billion, a P/E ratio of 25.47, a PEG ratio of 1.72 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 Inc. has a one year low of $105.29 and a one year high of $154.27. The company's 50-day simple moving average is $116.53 and its 200 day simple moving average is $117.33.
Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company's revenue 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, analysts forecast that Xylem Inc. will post 5.66 EPS 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 paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem's dividend payout ratio (DPR) is 40.95%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on XYL. Weiss Ratings reissued a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Xylem from $135.00 to $138.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Citigroup reiterated a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Barclays raised their price target on Xylem from $154.00 to $159.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, CLSA raised Xylem to a "hold" rating in a research note on Thursday, June 25th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $155.00.
View Our Latest Stock Analysis on Xylem
Xylem Company Profile
(
Free Report)
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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