Flputnam Investment Management Co. Takes $7.02 Million Position in Xylem Inc. $XYL

Flputnam Investment Management Co. acquired a new position in Xylem Inc. (NYSE:XYL) during the second quarter, Holdings Channel.com reports. The firm acquired 59,367 shares of the industrial products company’s stock, valued at approximately $7,018,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wexford Capital LP purchased a new position in shares of Xylem during the 3rd quarter valued at about $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem in the fourth quarter worth about $27,000. Avalon Trust Co purchased a new stake in shares of Xylem in the second quarter worth about $35,000. Entrust Financial LLC acquired a new stake in Xylem during the fourth quarter worth about $45,000. Finally, FWL Investment Management LLC acquired a new stake in Xylem during the second quarter worth about $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE:XYL opened at $119.75 on Monday. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.66 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 company’s 50-day moving average is $117.47 and its two-hundred day moving average is $120.49.

Xylem (NYSE:XYL) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Analysts forecast 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. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. Xylem’s dividend payout ratio is currently 40.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Xylem in a research report on Wednesday, July 29th. Barclays lifted their target price on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Xylem from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday, June 25th. Finally, Robert W. Baird upped their price target on Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.23.

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.