NewEdge Advisors LLC Reduces Holdings in Xylem Inc. $XYL

NewEdge Advisors LLC decreased its position in shares of Xylem Inc. (NYSE:XYL) by 18.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 34,923 shares of the industrial products company’s stock after selling 8,140 shares during the quarter. NewEdge Advisors LLC’s holdings in Xylem were worth $4,173,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XYL. J. Stern & Co. LLP raised its stake in Xylem by 12,326.6% in the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock valued at $6,189,132,000 after acquiring an additional 45,082,435 shares during the period. Norges Bank bought a new position in Xylem during the fourth quarter worth about $361,012,000. SEB Asset Management AB bought a new position in Xylem during the first quarter worth about $66,700,000. Balyasny Asset Management L.P. increased its stake in shares of Xylem by 346.2% in the third quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock worth $105,160,000 after purchasing an additional 553,152 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Xylem in the second quarter worth about $64,407,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on XYL shares. Jefferies Financial Group upgraded shares of Xylem from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $140.00 in a research note on Thursday, June 25th. Oppenheimer reduced their price objective on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Stifel Nicolaus increased their target price on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada raised their price target on Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Xylem Trading Down 1.0%

Shares of XYL opened at $121.93 on Thursday. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The stock has a market cap of $28.47 billion, a PE ratio of 29.03, a P/E/G ratio of 1.71 and a beta of 1.02. 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 business’s 50-day moving average price is $117.07 and its 200-day moving average price is $120.81.

Xylem (NYSE:XYL) last released its quarterly earnings data 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. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. Xylem’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities analysts forecast that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s dividend payout ratio (DPR) 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.