Ieq Capital LLC Purchases New Shares in Xylem Inc. $XYL

Ieq Capital LLC purchased a new position in Xylem Inc. (NYSE:XYL) during the second quarter, Holdings Channel.com reports. The firm purchased 10,218 shares of the industrial products company’s stock, valued at approximately $1,208,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XYL. J. Stern & Co. LLP increased its position in shares of Xylem by 12,326.6% in the fourth 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 in the last quarter. BlackRock Inc. purchased a new stake in shares of Xylem in the 2nd quarter valued at approximately $2,959,730,000. State Street Corp boosted its stake in Xylem by 2.6% in the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock worth $1,529,768,000 after purchasing an additional 280,221 shares during the period. Geode Capital Management LLC boosted its stake in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock worth $862,364,000 after purchasing an additional 151,754 shares during the period. Finally, Swedbank AB grew its position in Xylem by 0.3% during the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock worth $660,444,000 after purchasing an additional 18,759 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price target on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barclays raised their price objective on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Oppenheimer dropped their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, CLSA raised shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Nine equities research 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, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

Xylem Price Performance

Shares of NYSE:XYL opened at $113.51 on Thursday. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $118.18 and a 200 day simple moving average of $119.13.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating 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 firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, sell-side analysts predict 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 paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. Xylem’s payout ratio is presently 40.95%.

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.