Wedbush Securities Inc. Purchases New Stake in Xylem Inc. $XYL

Wedbush Securities Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,098 shares of the industrial products company’s stock, valued at approximately $1,047,000.

A number of other institutional investors have also modified their holdings of XYL. State of Wyoming grew its stake in Xylem by 10.4% in the third quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in Xylem by 2.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock worth $492,000 after buying an additional 79 shares during the last quarter. Private Trust Co. NA grew its position in shares of Xylem by 22.4% in the 3rd quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 84 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in shares of Xylem by 0.6% in the 3rd quarter. Ascent Wealth Partners LLC now owns 14,385 shares of the industrial products company’s stock valued at $2,122,000 after acquiring an additional 87 shares during the last quarter. Finally, Courier Capital LLC raised its position in shares of Xylem by 4.8% during the 3rd quarter. Courier Capital LLC now owns 1,989 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the subject of several recent research reports. Citigroup lowered their target price on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays decreased their price target on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday. Argus set a $170.00 target price on Xylem in a research note on Wednesday, October 29th. Finally, Zacks Research cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.08.

Xylem Trading Up 1.6%

Shares of NYSE:XYL opened at $128.14 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $138.48 and its 200 day moving average price is $142.04. The company has a market cap of $31.20 billion, a PE ratio of 32.69, a P/E/G ratio of 1.83 and a beta of 1.17. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, hitting the consensus estimate of $1.42. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Xylem had a net margin of 10.59% and a return on equity of 11.11%. Xylem’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. This is an increase from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio (DPR) is presently 40.82%.

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.