Wedbush Securities Inc. Purchases Shares of 7,098 Xylem Inc. $XYL

Wedbush Securities Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,098 shares of the industrial products company’s stock, valued at approximately $1,047,000.

Other hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. raised its stake in Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 166 shares during the period. First Horizon Corp acquired a new stake in shares of Xylem during the 3rd quarter worth $30,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Xylem in the 3rd quarter worth $34,000. Caldwell Trust Co acquired a new position in Xylem in the second quarter valued at $41,000. Finally, FWL Investment Management LLC purchased a new stake in Xylem during the second quarter valued at about $43,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 1.6%

NYSE XYL opened at $128.14 on Friday. The stock has a market cap of $31.20 billion, a P/E ratio of 32.69, a PEG ratio of 1.83 and a beta of 1.17. The company’s fifty day simple moving average is $138.48 and its 200-day simple moving average is $142.04. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.12. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.42. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.37 billion. Xylem had a net margin of 10.59% and a return on equity of 11.11%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This is a boost from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Xylem’s payout ratio is 40.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays cut their price objective on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Robert W. Baird set a $161.00 price objective on shares of Xylem in a research note on Wednesday. Stifel Nicolaus cut their target price on shares of Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Mizuho set a $138.00 target price on shares of Xylem in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.08.

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.