Citizens Financial Group Inc. RI Makes New Investment in Xylem Inc. $XYL

Citizens Financial Group Inc. RI bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the second quarter, Holdings Channel reports. The institutional investor bought 6,724 shares of the industrial products company’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. Commonwealth Retirement Investments LLC purchased a new position in Xylem in the fourth quarter worth about $27,000. Wexford Capital LP bought a new stake in Xylem during the third quarter worth approximately $27,000. Dunhill Financial LLC purchased a new stake in Xylem during the second quarter valued at approximately $30,000. Avalon Trust Co bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $35,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Xylem in the 1st quarter worth approximately $40,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. UBS Group boosted their target price on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Stifel Nicolaus upped their target price on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Finally, Mizuho raised their price target on Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $154.23.

Xylem Stock Performance

Shares of XYL opened at $113.98 on Wednesday. The stock has a fifty day moving average price of $117.69 and a 200-day moving average price of $120.18. The firm has a market cap of $26.61 billion, a PE ratio of 27.14, a P/E/G ratio of 1.66 and a beta of 1.02. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings data 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. The firm had revenue of $2.34 billion for 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%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities research analysts predict that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

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 issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. Xylem’s dividend payout ratio is 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.