The Manufacturers Life Insurance Company Invests $14.42 Million in Xylem Inc. $XYL

The Manufacturers Life Insurance Company acquired a new position in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 122,042 shares of the industrial products company’s stock, valued at approximately $14,423,000.

Several other institutional investors have also added to or reduced their stakes in XYL. Commonwealth Retirement Investments LLC acquired a new stake in Xylem during the 4th quarter valued at approximately $27,000. Wexford Capital LP acquired a new position in shares of Xylem in the 3rd quarter worth approximately $27,000. Dunhill Financial LLC acquired a new position in shares of Xylem in the 2nd quarter worth approximately $30,000. Avalon Trust Co bought a new stake in shares of Xylem in the 2nd quarter valued at $35,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Xylem during the first quarter worth $40,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

Shares of XYL opened at $111.44 on Friday. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The company has a market cap of $26.02 billion, a PE ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 1.02. The stock has a 50-day moving average of $118.20 and a 200-day moving average of $118.87. 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 quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share 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 the consensus estimate of $2.34 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities research analysts predict that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XYL shares. Jefferies Financial Group lifted their target price on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Xylem in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. UBS Group lifted their price objective on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada upped their target price on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Xylem Company 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.