NewEdge Advisors LLC Sells 8,140 Shares of Xylem Inc. $XYL

NewEdge Advisors LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 18.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

A number of other hedge funds have also added to or reduced their stakes in XYL. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem in the fourth quarter worth approximately $27,000. Wexford Capital LP purchased a new position in shares of Xylem during the third quarter valued at approximately $27,000. Global Assets Advisory LLC purchased a new position in shares of Xylem during the first quarter valued at approximately $40,000. FWL Investment Management LLC bought a new stake in Xylem during the second quarter worth $43,000. Finally, Entrust Financial LLC bought a new stake in Xylem during the fourth quarter worth $45,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 1.0%

Shares of Xylem stock opened at $121.93 on Thursday. The firm 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. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The stock has a fifty day moving average price of $117.07 and a 200-day moving average price of $120.81.

Xylem (NYSE:XYL) last issued its quarterly earnings results 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. Xylem had a net margin of 11.15% and a return on equity of 11.77%. 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 firm earned $1.26 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities research analysts anticipate that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s dividend payout ratio is currently 40.95%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XYL. Robert W. Baird raised their price objective on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Xylem from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $140.00 in a report on Thursday, June 25th. Mizuho raised their price target on shares of Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Finally, UBS Group increased their price objective on shares of Xylem from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.00.

About Xylem

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.