Saudi Central Bank Acquires 8,032 Shares of Xylem Inc. $XYL

Saudi Central Bank boosted its holdings in Xylem Inc. (NYSE:XYL) by 89.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,019 shares of the industrial products company’s stock after buying an additional 8,032 shares during the quarter. Saudi Central Bank’s holdings in Xylem were worth $2,012,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XYL. Commonwealth Retirement Investments LLC acquired a new stake in shares of Xylem in the 4th quarter valued at approximately $27,000. Wexford Capital LP bought a new stake in shares of Xylem during the 3rd quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new position in Xylem during the 2nd quarter worth approximately $30,000. Avalon Trust Co acquired a new position in Xylem during the 2nd quarter worth approximately $35,000. Finally, Orion Capital Management LLC bought a new position in Xylem in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. CLSA upgraded shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Jefferies Financial Group increased their price target on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Finally, UBS Group boosted 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. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.00.

Xylem Trading Up 0.2%

Shares of Xylem stock opened at $105.91 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The stock has a 50 day moving average price of $117.38 and a two-hundred day moving average price of $117.85. The stock has a market capitalization of $24.73 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00.

Xylem (NYSE:XYL) last issued its 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 company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. Xylem’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. As a group, equities analysts anticipate that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 annualized dividend and a yield of 1.6%. Xylem’s dividend payout ratio is presently 40.95%.

About Xylem

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.