7,441 Shares in Xylem Inc. $XYL Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in Xylem Inc. (NYSE:XYL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,441 shares of the industrial products company’s stock, valued at approximately $880,000.

A number of other institutional investors have also added to or reduced their stakes in XYL. J. Stern & Co. LLP raised its position in shares of Xylem by 12,326.6% during the fourth 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 buying an additional 45,082,435 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Xylem during the second quarter worth $552,313,000. Norges Bank bought a new position in shares of Xylem during the fourth quarter worth $361,012,000. Deutsche Bank AG purchased a new position in Xylem during the second quarter valued at $223,165,000. Finally, ABN AMRO Bank N.V. purchased a new position in Xylem during the second quarter valued at $105,523,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Xylem stock opened at $113.98 on Wednesday. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. 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 firm’s fifty day moving average is $117.69 and its 200 day moving average is $120.18. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.66 and a beta of 1.02.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $1.26 EPS. The business’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. Sell-side analysts forecast that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be given a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s dividend payout ratio (DPR) is currently 40.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on XYL. Citigroup reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. CLSA upgraded Xylem to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada lifted their target price on Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Finally, UBS Group increased their price target on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.23.

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.