Meiji Yasuda Asset Management Co Ltd. Acquires New Position in Xylem Inc. $XYL

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,104 shares of the industrial products company’s stock, valued at approximately $603,000.

Other large investors also recently bought and sold shares of the company. XXEC Inc. bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $850,841,000. J. Stern & Co. LLP boosted its holdings in Xylem by 12,326.6% in the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. Vanguard Group Inc. boosted its holdings in Xylem by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock worth $4,092,855,000 after purchasing an additional 152,507 shares during the period. BlackRock Inc. bought a new stake in Xylem during the second quarter valued at $2,959,730,000. Finally, State Street Corp raised its holdings in shares of Xylem by 2.6% during the fourth quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock worth $1,529,768,000 after purchasing an additional 280,221 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of recent research reports. Barclays raised their price target on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Mizuho increased their price objective on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. UBS Group raised their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Robert W. Baird lifted their target price on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group upped their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

Xylem Stock Performance

XYL stock opened at $112.76 on Wednesday. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The stock’s fifty day moving average is $118.11 and its two-hundred day moving average is $119.31.

Xylem (NYSE:XYL) last released its quarterly 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 net margin of 11.15% and a return on equity of 11.77%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, research analysts predict that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

The company 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 $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s dividend payout ratio is 40.95%.

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.