OVERSEA CHINESE BANKING Corp Ltd Buys New Holdings in Xylem Inc. $XYL

Key Points

• Oversea Chinese Banking Corp Ltd acquired 26,636 Xylem shares in the second quarter, valued at approximately $3.15 million. Institutional investors collectively own 87.96% of the company.
• Analyst sentiment is generally positive: Xylem has a “Moderate Buy” consensus rating from 15 analysts, with an average price target of $154.23.
• Xylem exceeded quarterly earnings expectations with adjusted EPS of $1.46 versus the $1.34 consensus, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, representing a 1.5% yield.

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 26,636 shares of the industrial products company's stock, valued at approximately $3,149,000.

Other hedge funds have also recently modified their holdings of the company. Orion Porfolio Solutions LLC increased its holdings in Xylem by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company's stock valued at $1,151,000 after acquiring an additional 74 shares during the last quarter. Quest Investment Management LLC lifted its stake in Xylem by 1.0% in the 3rd quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company's stock worth $1,119,000 after purchasing an additional 77 shares in the last quarter. Notis McConarty Edward boosted its holdings in shares of Xylem by 0.3% during the 4th quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company's stock valued at $4,314,000 after purchasing an additional 86 shares during the last quarter. Moneco Advisors LLC grew its position in shares of Xylem by 4.6% during the fourth quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company's stock valued at $279,000 after purchasing an additional 90 shares in the last quarter. Finally, Compound Planning Inc. grew its position in shares of Xylem by 4.2% during the fourth quarter. Compound Planning Inc. now owns 2,258 shares of the industrial products company's stock valued at $308,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

XYL has been the topic of a number of research analyst reports. 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 report on Wednesday, July 29th. Jefferies Financial Group raised Xylem from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their target price on shares of Xylem from $159.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $154.23.

Xylem Stock Down 2.4%

Shares of NYSE XYL opened at $113.42 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The firm's 50-day moving average price is $117.96 and its 200-day moving average price is $119.86. The stock has a market capitalization of $26.48 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.61 and a beta of 1.02.

Xylem (NYSE:XYL - Get Free Report) last released 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 return on equity of 11.77% and a net margin of 11.15%.The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.26 earnings per share. The firm'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. On average, equities research analysts anticipate that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend 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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