Redwood Grove Capital LLC Takes $29.09 Million Position in Xylem Inc. $XYL

Redwood Grove Capital LLC bought a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 246,112 shares of the industrial products company’s stock, valued at approximately $29,093,000. Xylem makes up approximately 7.4% of Redwood Grove Capital LLC’s holdings, making the stock its 2nd largest holding. Redwood Grove Capital LLC owned approximately 0.11% of Xylem at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XYL. Commonwealth Retirement Investments LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $27,000. Wexford Capital LP acquired a new position in shares of Xylem during the third quarter worth approximately $27,000. Dunhill Financial LLC acquired a new position in shares of Xylem during the second quarter worth approximately $30,000. Avalon Trust Co bought a new position in shares of Xylem in the 2nd quarter worth $35,000. Finally, Global Assets Advisory LLC acquired a new stake in Xylem in the 1st quarter valued at $40,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on XYL shares. Oppenheimer decreased their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. CLSA raised shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group upped their target price on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Nine investment 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, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

Xylem Price Performance

Xylem stock opened at $112.76 on Wednesday. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The company’s 50 day moving average price is $118.11 and its two-hundred day moving average price is $119.31. The stock has a market cap 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. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.12. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.Xylem’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities analysts predict that Xylem Inc. will post 5.66 earnings per share for the current year.

Xylem Announces Dividend

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

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.