Burnham & Co LLC Invests $1.29 Million in Xylem Inc. $XYL

Burnham & Co LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the 2nd quarter, HoldingsChannel reports. The fund purchased 10,901 shares of the industrial products company’s stock, valued at approximately $1,289,000. Xylem makes up approximately 1.0% of Burnham & Co LLC’s holdings, making the stock its 26th largest position.

Several other institutional investors also recently modified their holdings of the business. Wexford Capital LP acquired a new stake in shares of Xylem in the 3rd quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in Xylem during the 4th quarter worth $27,000. Dunhill Financial LLC bought a new position in shares of Xylem in the second quarter worth $30,000. Avalon Trust Co bought a new position in Xylem in the 2nd quarter valued at about $35,000. Finally, Entrust Financial LLC acquired a new position in Xylem during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $113.62 on Friday. The firm has a fifty day moving average of $118.04 and a 200 day moving average of $119.81. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The firm has a market cap of $26.53 billion, a PE ratio of 27.05, a PEG ratio of 1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61.

Xylem (NYSE:XYL) last released 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. The firm 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%. Xylem’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, research analysts predict that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Barclays boosted their price target on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Robert W. Baird lifted their price objective on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Stifel Nicolaus upped their target price on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Finally, CLSA raised shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.