Xylem Inc. $XYL Shares Sold by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 16.7% during the second quarter, Holdings Channel reports. The institutional investor owned 32,943 shares of the industrial products company’s stock after selling 6,610 shares during the period. Nissay Asset Management Corp Japan’s holdings in Xylem were worth $3,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in Xylem by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,705,479 shares of the industrial products company’s stock valued at $319,785,000 after purchasing an additional 234,222 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in Xylem in the second quarter valued at $6,712,000. Beacon Pointe Advisors LLC purchased a new position in shares of Xylem in the second quarter valued at $559,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Xylem in the second quarter valued at $259,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Xylem during the 2nd quarter worth $4,575,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 0.8%

Shares of NYSE:XYL opened at $110.39 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $25.77 billion, a P/E ratio of 26.28, a P/E/G ratio of 1.64 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 stock’s fifty day simple moving average is $118.18 and its 200-day simple moving average is $118.58.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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 firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $1.26 EPS. The firm’s quarterly 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, equities research analysts forecast that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Announces Dividend

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 issued a dividend of $0.43 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s payout ratio is 40.95%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent research reports. CLSA upgraded shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. 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. Barclays increased their price target on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird raised their price objective 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. Nine analysts have rated the stock with a Buy rating and six have given 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 target price of $155.00.

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.