Perigon Wealth Management LLC Makes New $1.01 Million Investment in Xylem Inc. $XYL

Perigon Wealth Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,559 shares of the industrial products company’s stock, valued at approximately $1,012,000.

Several other institutional investors have also modified their holdings of XYL. Wexford Capital LP acquired a new stake in Xylem during the 3rd quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Xylem in the fourth quarter valued at approximately $27,000. Avalon Trust Co acquired a new position in shares of Xylem in the second quarter valued at approximately $35,000. Entrust Financial LLC bought a new stake in shares of Xylem during the fourth quarter worth $45,000. Finally, FWL Investment Management LLC bought a new stake in shares of Xylem during the second quarter worth $43,000. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE:XYL opened at $113.98 on Wednesday. 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 moving average price is $117.69 and its two-hundred day moving average price is $120.18. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.66 and a beta of 1.02. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27.

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

Xylem Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on XYL. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Jefferies Financial Group upgraded Xylem from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $140.00 in a report on Thursday, June 25th. Citigroup restated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Barclays upped 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. Finally, Stifel Nicolaus lifted their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a 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, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $154.23.

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.