Tocqueville Asset Management L.P. Invests $2.14 Million in Xylem Inc. $XYL

Tocqueville Asset Management L.P. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the second quarter, HoldingsChannel.com reports. The fund acquired 18,100 shares of the industrial products company’s stock, valued at approximately $2,140,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new position in Xylem during the fourth quarter valued at $27,000. Wexford Capital LP bought a new stake in Xylem during the third quarter valued at about $27,000. Dunhill Financial LLC purchased a new stake in Xylem in the second quarter worth about $30,000. Avalon Trust Co purchased a new stake in Xylem in the second quarter worth about $35,000. Finally, Global Assets Advisory LLC bought a new position in shares of Xylem in the first quarter worth about $40,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of Xylem stock opened at $113.42 on Friday. The company has a market capitalization of $26.48 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.61 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. The stock’s 50-day simple moving average is $117.96 and its 200-day simple moving average is $119.86. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27.

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, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts expect that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is 40.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XYL. Mizuho boosted their price objective on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their target price on shares of Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. CLSA raised shares of Xylem to a “hold” rating in a report on Thursday, June 25th. UBS Group upped their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Barclays increased their price objective on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have issued 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 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.