XXEC Inc. Invests $850.84 Million in Xylem Inc. $XYL

Key Points

• XXEC Inc. acquired 94.64 million Xylem shares worth approximately $850.84 million, making up 0.4% of its portfolio and representing about 40.53% of Xylem’s outstanding stock. Institutional investors and hedge funds collectively own 87.96% of the company.
• Analyst sentiment is positive, with nine Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $154.23. Recent analysts included Stifel Nicolaus and Jefferies, which maintained or upgraded their bullish views.
• Xylem beat quarterly earnings expectations with adjusted EPS of $1.46 versus $1.34 expected, while revenue rose 1.5% year over year to $2.34 billion. The company also declared a quarterly dividend of $0.43 per share, equivalent to a 1.5% annualized yield.

XXEC Inc. purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 94,642,964 shares of the industrial products company's stock, valued at approximately $850,841,000. Xylem makes up 0.4% of XXEC Inc.'s investment portfolio, making the stock its 11th biggest position. XXEC Inc. owned approximately 40.53% of Xylem as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem during the fourth quarter worth $27,000. Wexford Capital LP acquired a new position in Xylem during the third quarter worth about $27,000. Dunhill Financial LLC purchased a new stake in Xylem during the 2nd quarter valued at about $30,000. Avalon Trust Co acquired a new stake in Xylem in the 2nd quarter valued at about $35,000. Finally, Global Assets Advisory LLC purchased a new position in Xylem in the 1st quarter worth approximately $40,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XYL has been the subject of several recent research reports. Oppenheimer cut their price target on Xylem from $160.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, April 29th. CLSA upgraded Xylem to a "hold" rating in a report on Thursday, June 25th. Stifel Nicolaus upped their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Citigroup restated a "buy" rating on shares of Xylem in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group upgraded shares of Xylem from a "hold" rating to a "buy" rating and boosted their target price for the company from $130.00 to $140.00 in a report on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $154.23.

Xylem Stock Performance

NYSE XYL opened at $113.62 on Friday. The stock has a fifty day simple moving average of $118.04 and a 200-day simple moving average of $119.81. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The stock has a market cap of $26.53 billion, a PE ratio of 27.05, a P/E/G ratio of 1.57 and a beta of 1.02. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 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 for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. Xylem's revenue for the quarter was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities analysts anticipate that Xylem Inc. will post 5.67 earnings per share for the current year.

Xylem Dividend Announcement

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 given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem's dividend payout ratio (DPR) is currently 40.95%.

Xylem 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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