14,399 Shares in Xylem Inc. $XYL Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. acquired a new stake in Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,399 shares of the industrial products company’s stock, valued at approximately $1,702,000.

A number of other large investors have also bought and sold shares of XYL. Wexford Capital LP bought a new stake in shares of Xylem in the third quarter valued at $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Xylem during the 4th quarter valued at $27,000. Dunhill Financial LLC bought a new position in shares of Xylem during the 2nd quarter worth $30,000. Avalon Trust Co purchased a new stake in Xylem in the 2nd quarter worth about $35,000. Finally, Entrust Financial LLC purchased a new stake in Xylem in the 4th quarter worth about $45,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 1.1%

Shares of NYSE XYL opened at $111.44 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market cap of $26.02 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The business has a 50-day simple moving average of $118.20 and a two-hundred day simple moving average of $118.87.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Research analysts anticipate that Xylem Inc. will post 5.66 earnings per share 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 dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio is 40.95%.

Wall Street Analysts Forecast Growth

XYL has been the topic of several recent research reports. Mizuho upped their price objective on shares of Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. UBS Group lifted their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Royal Bank Of Canada boosted their price target on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Robert W. Baird raised their price objective on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.