Perigon Wealth Management LLC Invests $1.01 Million in Xylem Inc. $XYL

Perigon Wealth Management LLC bought a new position in Xylem Inc. (NYSE:XYL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,559 shares of the industrial products company’s stock, valued at approximately $1,012,000.

A number of other hedge funds also recently made changes to their positions in XYL. Commonwealth Retirement Investments LLC bought a new position in Xylem in the 4th quarter valued at approximately $27,000. Wexford Capital LP bought a new stake in shares of Xylem during the third quarter worth $27,000. Avalon Trust Co acquired a new position in shares of Xylem during the second quarter worth $35,000. Global Assets Advisory LLC acquired a new position in shares of Xylem during the first quarter worth $40,000. Finally, FWL Investment Management LLC bought a new position in shares of Xylem in the 2nd quarter valued at $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL opened at $113.98 on Wednesday. The firm has a market cap of $26.61 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The business’s 50 day moving average price is $117.69 and its two-hundred day moving average price is $120.18. 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 (NYSE:XYL) 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. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities analysts anticipate that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 1.5%. Xylem’s dividend payout ratio (DPR) is 40.95%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XYL shares. Citigroup restated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Oppenheimer cut their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Stifel Nicolaus upped their price target on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, CLSA upgraded Xylem to a “hold” rating in a report on Thursday, June 25th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average price target of $154.23.

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.