Xylem Inc. $XYL Shares Purchased by State Street Corp

Key Points

• State Street increased its Xylem stake by 2.4% in the second quarter, adding 270,972 shares and bringing its holdings to 11.44 million shares valued at approximately $1.35 billion. Institutional investors collectively own 87.96% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and seven Holds resulting in a “Moderate Buy” consensus and an average price target of $155.
• Xylem reported quarterly EPS of $1.46, exceeding estimates of $1.34, while revenue reached $2.34 billion and rose 1.5% year over year. The company also declared a quarterly dividend of $0.43 per share, representing a 1.6% yield.

State Street Corp grew its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,444,669 shares of the industrial products company's stock after buying an additional 270,972 shares during the period. State Street Corp owned 4.90% of Xylem worth $1,352,874,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in XYL. Franklin Resources Inc. boosted its position in Xylem by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,787,994 shares of the industrial products company's stock worth $243,489,000 after purchasing an additional 10,314 shares during the period. Norges Bank acquired a new position in shares of Xylem during the fourth quarter worth about $361,012,000. MUFG Securities EMEA plc boosted its position in shares of Xylem by 608.1% in the fourth quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company's stock worth $4,493,000 after buying an additional 28,331 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of Xylem by 57.5% in the fourth quarter. UniSuper Management Pty Ltd now owns 195,848 shares of the industrial products company's stock worth $26,671,000 after buying an additional 71,472 shares during the period. Finally, Capital Innovations LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $4,700,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Xylem in a research report on Wednesday, August 5th. Jefferies Financial Group upped their target price on shares of Xylem from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, August 24th. Citigroup reaffirmed a "buy" rating on shares of Xylem in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Xylem from $159.00 to $164.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, UBS Group boosted their price objective on shares of Xylem from $135.00 to $138.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $155.00.

Xylem Price Performance

XYL opened at $107.91 on Wednesday. The company has a market capitalization of $25.20 billion, a P/E ratio of 25.69, a PEG ratio of 1.72 and a beta of 1.00. The company has a 50-day moving average of $114.75 and a 200-day moving average of $116.19. 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 1-year low of $105.29 and a 1-year high of $154.27.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results 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. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $1.26 earnings per share. The company'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 expect that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem's dividend payout ratio (DPR) is 40.95%.

Xylem Company Profile

Xylem Inc NYSE: XYL is a global water technology company that develops products, services and solutions for the transportation, treatment, testing and efficient use of water and wastewater. Its customers include municipalities, utilities, industrial businesses, commercial facilities and residential users.

The company's offerings include water and wastewater pumps, controls, treatment systems, filtration and disinfection equipment, smart metering and network technologies, monitoring tools, data analytics and related maintenance services.

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