PEAK6 LLC Invests $1.58 Million in Xylem Inc. $XYL

Key Points

• PEAK6 LLC acquired a new $1.58 million stake in Xylem during the second quarter, while other institutional investors also initiated positions. Institutions and hedge funds now own 87.96% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $154.23.
• Xylem exceeded quarterly earnings expectations with EPS of $1.46 versus $1.34 estimated, while revenue reached $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, representing a 1.5% annualized yield.

PEAK6 LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,352 shares of the industrial products company's stock, valued at approximately $1,578,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Xylem during the 2nd quarter worth approximately $603,000. Elefante Mark B bought a new position in Xylem in the second quarter valued at approximately $4,532,000. Bank of Nova Scotia acquired a new position in shares of Xylem in the second quarter valued at approximately $7,513,000. Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Xylem in the second quarter valued at approximately $1,451,000. Finally, Commerce Bank bought a new stake in shares of Xylem during the second quarter worth $620,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on XYL shares. Mizuho boosted their price objective on shares of Xylem from $124.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Oppenheimer lowered their target price on Xylem from $160.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price target on Xylem from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group raised Xylem from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, June 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $154.23.

Xylem Stock Up 0.2%

Shares of XYL stock opened at $113.62 on Monday. The firm's fifty day moving average price is $118.04 and its two-hundred day moving average price is $119.67. 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 1 year low of $105.29 and a 1 year high of $154.27. The firm has a market capitalization of $26.53 billion, a P/E ratio of 27.05, a PEG ratio of 1.57 and a beta of 1.02.

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. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities analysts predict that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Dividend Announcement

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