Xylem Inc. $XYL Shares Sold by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan cut its stake in Xylem Inc. (NYSE:XYL) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,943 shares of the industrial products company’s stock after selling 6,610 shares during the period. Nissay Asset Management Corp Japan’s holdings in Xylem were worth $3,894,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Xylem in the 4th quarter valued at about $27,000. Wexford Capital LP acquired a new stake in shares of Xylem in the third quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in shares of Xylem in the second quarter valued at approximately $30,000. Avalon Trust Co purchased a new position in shares of Xylem during the second quarter worth approximately $35,000. Finally, Orion Capital Management LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on XYL. Citigroup reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. CLSA upgraded shares of Xylem to a “hold” rating in a research note on Thursday, June 25th. UBS Group raised their price target on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Barclays boosted their price target on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus increased their price objective on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.00.

Xylem Stock Down 0.8%

Shares of NYSE:XYL opened at $110.39 on Tuesday. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. 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 firm’s 50-day simple moving average is $118.18 and its 200-day simple moving average is $118.58. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.64 and a beta of 1.02.

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

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is currently 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.