Xylem Inc. $XYL Shares Newly Bought by Iridian Asset Management LLC CT

Key Points

• Iridian Asset Management initiated a new 20,710-share position in Xylem during the third quarter, valued at approximately $2.1 million. Institutional investors own 87.96% of the company, with several other funds also increasing their holdings.
• Xylem reported quarterly EPS of $1.46, beating analyst expectations of $1.34, while revenue rose 1.5% year over year to $2.34 billion. The company maintained fiscal 2026 EPS guidance of $5.55–$5.70.
• Shares recently traded at $108.86, and analysts hold a consensus “Moderate Buy” rating with a $140.85 price target. Xylem also pays a quarterly dividend of $0.43, representing a 1.6% annualized yield.

Iridian Asset Management LLC CT bought a new position in Xylem Inc. (NYSE:XYL - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,710 shares of the industrial products company's stock, valued at approximately $2,097,000. Xylem makes up 0.7% of Iridian Asset Management LLC CT's holdings, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Wedbush Securities Inc. lifted its stake in shares of Xylem by 14.3% in the 3rd quarter. Wedbush Securities Inc. now owns 14,924 shares of the industrial products company's stock valued at $1,511,000 after purchasing an additional 1,864 shares during the last quarter. NBT Bank N.A. purchased a new position in shares of Xylem in the 3rd quarter worth approximately $398,000. Root Financial Partners LLC bought a new position in shares of Xylem during the 3rd quarter valued at approximately $52,000. SBI Securities Co. Ltd. increased its position in shares of Xylem by 25.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 869 shares of the industrial products company's stock valued at $88,000 after purchasing an additional 175 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in Xylem by 108.2% during the 3rd quarter. Vest Financial LLC now owns 35,687 shares of the industrial products company's stock valued at $3,614,000 after buying an additional 18,543 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Trading Down 0.4%

Shares of NYSE:XYL opened at $108.86 on Friday. Xylem Inc. has a 12-month low of $98.58 and a 12-month high of $154.27. The business's fifty day simple moving average is $106.94 and its 200-day simple moving average is $113.43. The company has a market capitalization of $25.42 billion, a PE ratio of 25.92, a P/E/G ratio of 1.75 and a beta of 1.00. 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 (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, beating the consensus estimate of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company's quarterly revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities research analysts predict that Xylem Inc. will post 5.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 27th. Xylem's payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

XYL has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Mizuho cut their price target on shares of Xylem from $130.00 to $110.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Jefferies Financial Group upped their price target on shares of Xylem from $145.00 to $150.00 and gave the company a "buy" rating in a report on Monday, August 24th. Oppenheimer reissued an "outperform" rating and issued a $150.00 price objective (down from $158.00) on shares of Xylem in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of Xylem from $164.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, October 14th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.85.

Xylem Company Profile

Xylem Inc NYSE: XYL is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company's products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.

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.