59,886 Shares in Xylem Inc. $XYL Acquired by Somerville Kurt F

Somerville Kurt F acquired a new stake in Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,886 shares of the industrial products company’s stock, valued at approximately $7,079,000. Xylem accounts for 1.7% of Somerville Kurt F’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Puzo Michael J acquired a new stake in Xylem during the 2nd quarter worth $7,723,000. Aurora Investment Counsel bought a new stake in shares of Xylem during the 2nd quarter valued at $558,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Xylem in the 2nd quarter valued at $7,602,000. Tocqueville Asset Management L.P. acquired a new position in shares of Xylem in the 2nd quarter valued at $2,140,000. Finally, West Family Investments Inc. bought a new position in shares of Xylem in the 2nd quarter worth $822,000. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 2.1%

Shares of NYSE XYL opened at $116.28 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 $27.15 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.58 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 company’s fifty day moving average is $117.87 and its 200-day moving average is $120.03.

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 business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities research analysts predict that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on XYL. Citigroup reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. CLSA upgraded Xylem to a “hold” rating in a report on Thursday, June 25th. Oppenheimer decreased their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group upgraded Xylem from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $140.00 in a research report on Thursday, June 25th. Finally, Stifel Nicolaus upped their price target on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $154.23.

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.