Xylem Inc. $XYL Stock Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its position in Xylem Inc. (NYSE:XYL) by 3.6% during the third quarter, HoldingsChannel.com reports. The fund owned 274,578 shares of the industrial products company’s stock after purchasing an additional 9,650 shares during the period. Pinnacle Associates Ltd.’s holdings in Xylem were worth $27,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. XXEC Inc. bought a new stake in Xylem in the second quarter valued at approximately $850,841,000. BlackRock Inc. acquired a new stake in Xylem in the second quarter worth $2,959,730,000. Bank of New York Mellon Corp bought a new position in shares of Xylem during the second quarter worth $552,313,000. Hsbc Holdings PLC bought a new position in shares of Xylem during the second quarter worth $319,785,000. Finally, Deutsche Bank AG acquired a new position in shares of Xylem in the 2nd quarter valued at $223,165,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho lowered their price objective on shares of Xylem from $130.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Barclays dropped their price objective on Xylem from $159.00 to $139.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Citigroup reduced their target price on Xylem from $172.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Robert W. Baird boosted their target price on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, CLSA upgraded Xylem to a “hold” rating in a report on Thursday, June 25th. Eight research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.85.

Xylem Stock Performance

Shares of XYL stock opened at $104.96 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The company has a market capitalization of $24.51 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The company’s 50 day moving average price is $107.69 and its two-hundred day moving average price is $113.65. Xylem Inc. has a 52 week low of $98.58 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, analysts expect that Xylem Inc. will post 5.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, August 27th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is presently 40.95%.

About Xylem

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.