SFE Investment Counsel acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 48,837 shares of the industrial products company's stock, valued at approximately $5,773,000.
Several other hedge funds have also recently made changes to their positions in XYL. J. Stern & Co. LLP boosted its holdings in Xylem by 12,326.6% in 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 in the last quarter. Norges Bank bought a new position in Xylem in the 4th quarter worth $361,012,000. SEB Asset Management AB bought a new position in Xylem in the 1st quarter worth $66,700,000. Balyasny Asset Management L.P. lifted its position in shares of Xylem by 346.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company's stock worth $105,160,000 after purchasing an additional 553,152 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Xylem during the 2nd quarter valued at about $64,407,000. 87.96% of the stock is owned by hedge funds and other institutional investors.
Xylem Stock Down 0.5%
NYSE:XYL opened at $119.75 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The firm's 50-day moving average price is $117.47 and its 200-day moving average price is $120.65. The company has a market capitalization of $27.96 billion, a PE ratio of 28.51, a P/E/G ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (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 company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period last year, the company posted $1.26 EPS. Xylem'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 analysts predict that Xylem Inc. will post 5.67 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. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 27th. Xylem's dividend payout ratio (DPR) is presently 40.95%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on XYL. UBS Group boosted their price target on shares of Xylem from $135.00 to $138.00 and gave the company a "neutral" rating in a research report on Thursday. CLSA upgraded shares of Xylem to a "hold" rating in a report on Thursday, June 25th. Barclays lifted their price objective on Xylem from $154.00 to $159.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Mizuho upped their target price on Xylem from $124.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Finally, Citigroup reissued a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and an average price target of $154.23.
Read Our Latest Research Report on XYL
Xylem Company Profile
(
Free Report)
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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