Elefante Mark B Makes New Investment in Xylem Inc. $XYL

Elefante Mark B purchased a new stake in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 38,337 shares of the industrial products company’s stock, valued at approximately $4,532,000. Xylem accounts for 2.0% of Elefante Mark B’s portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also made changes to their positions in XYL. Callahan Advisors LLC purchased a new position in Xylem in the 4th quarter worth $1,721,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Xylem by 2,309.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock worth $54,314,000 after acquiring an additional 413,904 shares during the period. Abacus Wealth Partners LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $1,663,000. Norges Bank purchased a new position in Xylem during the fourth quarter valued at $361,012,000. Finally, MUFG Securities EMEA plc increased its stake in Xylem by 608.1% during the 4th quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock worth $4,493,000 after buying an additional 28,331 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XYL. Robert W. Baird upped their target price on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. CLSA upgraded shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Mizuho boosted their price objective on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Oppenheimer cut their price target on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Nine 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 has an average rating of “Moderate Buy” and a consensus price target of $154.23.

Xylem Trading Up 0.2%

NYSE XYL opened at $113.62 on Monday. The company has a market cap of $26.53 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.57 and a beta of 1.02. The company has a 50-day moving average of $118.04 and a 200-day moving average of $119.67. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities analysts predict that Xylem Inc. will post 5.67 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued 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 dividend yield of 1.5%. Xylem’s dividend payout ratio is 40.95%.

Xylem 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.