94,642,964 Shares in Xylem Inc. $XYL Acquired by XXEC Inc.

XXEC Inc. purchased a new stake in Xylem Inc. (NYSE:XYL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 94,642,964 shares of the industrial products company’s stock, valued at approximately $850,841,000. Xylem accounts for approximately 0.4% of XXEC Inc.’s holdings, making the stock its 11th largest holding. XXEC Inc. owned approximately 0.41% of Xylem as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Westpac Banking Corp purchased a new position in Xylem in the second quarter valued at $43,000. Landscape Capital Management L.L.C. acquired a new stake in Xylem in the 2nd quarter valued at about $2,527,000. Korea Investment CORP purchased a new position in shares of Xylem in the 2nd quarter valued at about $12,564,000. EP Wealth Advisors LLC acquired a new position in shares of Xylem during the second quarter worth about $900,000. Finally, Ieq Capital LLC purchased a new stake in shares of Xylem during the second quarter worth approximately $1,208,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho boosted their price target on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Robert W. Baird boosted their target price on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. UBS Group raised their price target on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Oppenheimer dropped their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Stifel Nicolaus raised their target price on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.23.

Xylem Price Performance

Shares of XYL opened at $113.62 on Friday. The firm has a fifty day moving average price of $118.04 and a 200 day moving average price of $119.81. The stock has a market cap of $26.53 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24.

Xylem (NYSE:XYL) last posted its 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 for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

The company 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 $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. Xylem’s payout ratio 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.