Meiji Yasuda Asset Management Co Ltd. Makes New $603,000 Investment in Xylem Inc. $XYL

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,104 shares of the industrial products company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. XXEC Inc. purchased a new position in shares of Xylem in the 2nd quarter valued at $850,841,000. J. Stern & Co. LLP boosted its position in Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. BlackRock Inc. acquired a new stake in Xylem in the 2nd quarter valued at $2,959,730,000. Bank of New York Mellon Corp acquired a new stake in Xylem in the 2nd quarter valued at $552,313,000. Finally, Norges Bank purchased a new position in Xylem in the fourth quarter valued at about $361,012,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their target price on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group raised their target price on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Stifel Nicolaus boosted their price target on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price objective on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.

Xylem Trading Down 1.2%

Shares of XYL opened at $112.76 on Wednesday. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The stock has a 50-day moving average price of $118.11 and a 200 day moving average price of $119.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The company has a market capitalization of $26.33 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.58 and a beta of 1.02.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $1.26 EPS. Xylem’s revenue for the quarter was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Sell-side analysts forecast that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Announces Dividend

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 paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s payout ratio is 40.95%.

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.