Xylem (NYSE:XYL) Hits New 52-Week Low – Time to Sell?

Xylem Inc. (NYSE:XYL)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $105.21 and last traded at $106.0310, with a volume of 1061693 shares traded. The stock had previously closed at $108.64.

Wall Street Analyst Weigh In

A number of research firms recently commented on XYL. Jefferies Financial Group increased their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Citigroup reiterated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Robert W. Baird increased their price objective on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Finally, UBS Group boosted their target price on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $155.00.

Xylem Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The firm has a market capitalization of $24.17 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.73 and a beta of 1.00. The firm’s 50 day simple moving average is $114.50 and its two-hundred day simple moving average is $116.07.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $2.34 billion for 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 company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts predict that Xylem Inc. will post 5.66 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.7%. Xylem’s dividend payout ratio is currently 40.95%.

Hedge Funds Weigh In On Xylem

A number of large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in Xylem by 1.7% in the second quarter. QRG Capital Management Inc. now owns 56,806 shares of the industrial products company’s stock valued at $6,715,000 after purchasing an additional 949 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Xylem by 38.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,080 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 1,399 shares during the last quarter. State Street Corp grew its holdings in shares of Xylem by 2.4% in the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock worth $1,352,874,000 after purchasing an additional 270,972 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Xylem by 20.8% in the second quarter. Tidal Investments LLC now owns 65,594 shares of the industrial products company’s stock worth $7,754,000 after buying an additional 11,305 shares during the period. Finally, National Pension Service increased its stake in shares of Xylem by 14.9% in the second quarter. National Pension Service now owns 409,373 shares of the industrial products company’s stock worth $48,392,000 after buying an additional 53,221 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Company Profile

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.