Raiffeisen Bank International AG Has $45.41 Million Holdings in Xylem Inc. $XYL

Key Points

• Raiffeisen Bank International increased its Xylem stake by 18.4% in the second quarter, ending with 389,025 shares valued at approximately $45.4 million. Institutional investors collectively own 87.96% of Xylem.
• 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 beat quarterly earnings expectations with $1.46 in EPS versus $1.34 anticipated, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, yielding about 1.6% annually.

Raiffeisen Bank International AG boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 389,025 shares of the industrial products company's stock after acquiring an additional 60,448 shares during the quarter. Raiffeisen Bank International AG owned 0.17% of Xylem worth $45,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. TD Waterhouse Canada Inc. lifted its holdings in shares of Xylem by 1,922.6% in the second quarter. TD Waterhouse Canada Inc. now owns 46,034 shares of the industrial products company's stock valued at $5,400,000 after purchasing an additional 43,758 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Xylem by 122.5% during the second quarter. Concurrent Investment Advisors LLC now owns 4,758 shares of the industrial products company's stock worth $563,000 after buying an additional 2,620 shares in the last quarter. NEOS Investment Management LLC raised its position in Xylem by 14.0% in the 2nd quarter. NEOS Investment Management LLC now owns 39,828 shares of the industrial products company's stock valued at $4,708,000 after buying an additional 4,879 shares during the last quarter. AXQ Capital LP lifted its stake in Xylem by 25.1% during the 2nd quarter. AXQ Capital LP now owns 30,616 shares of the industrial products company's stock valued at $3,619,000 after acquiring an additional 6,148 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in Xylem by 1.7% during the 2nd quarter. Strengthening Families & Communities LLC now owns 19,323 shares of the industrial products company's stock valued at $2,284,000 after acquiring an additional 317 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XYL. Stifel Nicolaus upped their target price on shares of Xylem from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Mizuho boosted their price target on shares of Xylem from $124.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Jefferies Financial Group upped their price objective on shares of Xylem from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, August 24th. CLSA upgraded shares of Xylem to a "hold" rating in a research note on Thursday, June 25th. Finally, Barclays boosted their target price on Xylem from $154.00 to $159.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Nine equities research 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 a consensus price target of $155.00.

Xylem Stock Performance

NYSE XYL opened at $107.98 on Friday. The company has a market capitalization of $25.21 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a 50-day simple moving average of $117.81 and a 200 day simple moving average of $118.16.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share 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 firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company's 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, research analysts predict that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source