OVERSEA CHINESE BANKING Corp Ltd Invests $19.88 Million in Xylem Inc. $XYL

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 168,129 shares of the industrial products company’s stock, valued at approximately $19,875,000. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.07% of Xylem at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Notis McConarty Edward bought a new stake in Xylem during the 2nd quarter valued at about $3,959,000. Somerville Kurt F purchased a new stake in shares of Xylem during the second quarter valued at approximately $7,079,000. Puzo Michael J purchased a new stake in shares of Xylem during the second quarter valued at approximately $7,723,000. Aurora Investment Counsel bought a new stake in shares of Xylem during the second quarter valued at approximately $558,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Xylem during the second quarter valued at approximately $7,602,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of XYL opened at $113.42 on Friday. The firm has a market capitalization of $26.48 billion, a P/E ratio of 27.00, a PEG ratio of 1.61 and a beta of 1.02. 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 Inc. has a one year low of $105.29 and a one year high of $154.27. The business has a fifty day moving average of $117.96 and a 200 day moving average of $119.86.

Xylem (NYSE:XYL) last posted its 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.Xylem’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s dividend payout ratio is 40.95%.

Analysts Set New Price Targets

XYL has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Oppenheimer reduced their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. UBS Group boosted their price target on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. CLSA raised Xylem to a “hold” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group raised Xylem from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, June 25th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.