Korea Investment CORP Buys Shares of 106,287 Xylem Inc. $XYL

Korea Investment CORP acquired a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 106,287 shares of the industrial products company’s stock, valued at approximately $12,564,000.

A number of other institutional investors also recently modified their holdings of the company. J. Stern & Co. LLP raised its holdings 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 valued at $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. Vanguard Group Inc. increased its stake in Xylem by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock worth $4,092,855,000 after acquiring an additional 152,507 shares during the period. BlackRock Inc. acquired a new position in shares of Xylem in the 2nd quarter valued at approximately $2,959,730,000. State Street Corp boosted its holdings in shares of Xylem by 2.6% in 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 purchasing an additional 280,221 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock worth $862,364,000 after acquiring an additional 151,754 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on XYL. UBS Group boosted their price target on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Stifel Nicolaus lifted their price target on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Oppenheimer dropped their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada raised their price objective on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, CLSA raised shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.23.

Xylem Price Performance

XYL opened at $113.62 on Monday. 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 firm has a market capitalization of $26.53 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. The business’s 50-day moving average is $118.04 and its two-hundred day moving average is $119.67. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company earned $1.26 earnings per share. Xylem’s revenue for the quarter 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 anticipate that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

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