Hsbc Holdings PLC Invests $319.79 Million in Xylem Inc. $XYL

Hsbc Holdings PLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,705,479 shares of the industrial products company’s stock, valued at approximately $319,785,000.

Other institutional investors have also added to or reduced their stakes in the company. XXEC Inc. bought a new position in Xylem during the second quarter valued at about $850,841,000. J. Stern & Co. LLP lifted its position in shares of Xylem by 12,326.6% in the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after acquiring an additional 45,082,435 shares during the period. Vanguard Group Inc. lifted its position in shares of Xylem by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock worth $4,092,855,000 after acquiring an additional 152,507 shares during the period. BlackRock Inc. acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $2,959,730,000. Finally, State Street Corp increased its position in shares of Xylem by 2.6% during the fourth quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock valued at $1,529,768,000 after purchasing an additional 280,221 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL stock opened at $112.76 on Wednesday. The stock’s fifty day simple moving average is $118.11 and its 200 day simple moving average is $119.31. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.58 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 (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company 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 5.66 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is currently 40.95%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XYL. CLSA raised Xylem to a “hold” rating in a research report on Thursday, June 25th. Barclays increased their price objective on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. UBS Group raised their price objective on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Oppenheimer decreased 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. Finally, Robert W. Baird upped their target price on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target 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.