XXEC Inc. Makes New $18.26 Million Investment in Xylem Inc. $XYL

XXEC Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, Holdings Channel reports. The fund acquired 164,256 shares of the industrial products company’s stock, valued at approximately $18,262,000. Xylem comprises approximately 0.0% of XXEC Inc.’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. J. Stern & Co. LLP grew its stake in shares of Xylem by 12,326.6% in 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 buying an additional 45,082,435 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Xylem during the 2nd quarter valued at about $2,959,730,000. State Street Corp raised its position in shares of Xylem by 2.6% during the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock valued at $1,529,768,000 after buying an additional 280,221 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after acquiring an additional 151,754 shares during the last quarter. Finally, Swedbank AB grew its position in Xylem by 0.3% in the first quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock worth $660,444,000 after acquiring an additional 18,759 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Xylem 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. Stifel Nicolaus increased their price target on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays raised their price target on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

Xylem Stock Performance

Shares of NYSE:XYL opened at $112.73 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The company has a market capitalization of $26.32 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.67 and a beta of 1.02. The firm’s 50-day moving average is $118.20 and its 200 day moving average is $118.92.

Xylem (NYSE:XYL) last announced 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 net margin of 11.15% and a return on equity of 11.77%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate 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. Research analysts predict that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

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