NewEdge Advisors LLC Has $5.45 Million Stake in Xylem Inc. $XYL

NewEdge Advisors LLC increased its position in Xylem Inc. (NYSE:XYL) by 31.9% in the 2nd quarter, Holdings Channel reports. The firm owned 46,059 shares of the industrial products company’s stock after buying an additional 11,136 shares during the quarter. NewEdge Advisors LLC’s holdings in Xylem were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Baird Financial Group Inc. increased its holdings in Xylem by 2.2% in the 2nd quarter. Baird Financial Group Inc. now owns 329,900 shares of the industrial products company’s stock valued at $38,998,000 after buying an additional 7,015 shares during the period. Arizona State Retirement System boosted its position in shares of Xylem by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 69,712 shares of the industrial products company’s stock valued at $8,241,000 after acquiring an additional 3,546 shares in the last quarter. West Family Investments Inc. acquired a new stake in shares of Xylem during the 2nd quarter valued at about $822,000. Waverly Advisors LLC increased its stake in Xylem by 43.1% in the second quarter. Waverly Advisors LLC now owns 3,135 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 944 shares during the period. Finally, Empirical Finance LLC raised its position in Xylem by 4.1% in the second quarter. Empirical Finance LLC now owns 7,618 shares of the industrial products company’s stock worth $901,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

NYSE:XYL opened at $107.48 on Tuesday. 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 has a market cap of $25.10 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The company’s 50-day moving average price is $116.29 and its two-hundred day moving average price is $117.11.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share 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 company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.26 earnings per share. The company’s 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, equities analysts anticipate that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is currently 40.95%.

Wall Street Analyst Weigh In

A number of research analysts have commented on XYL shares. 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 note on Wednesday, July 29th. Jefferies Financial Group increased their target price on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Stifel Nicolaus raised their target price on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird boosted their price target on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products, services and solutions for the transportation, treatment, testing and efficient use of water and wastewater. Its customers include municipalities, utilities, industrial businesses, commercial facilities and residential users.

The company’s offerings include water and wastewater pumps, controls, treatment systems, filtration and disinfection equipment, smart metering and network technologies, monitoring tools, data analytics and related maintenance services.