Rice Hall James & Associates LLC Invests $861,000 in Xylem Inc. $XYL

Rice Hall James & Associates LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,284 shares of the industrial products company’s stock, valued at approximately $861,000.

A number of other large investors also recently bought and sold shares of XYL. J. Stern & Co. LLP increased its stake 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. Bank of New York Mellon Corp purchased a new stake in shares of Xylem during the second quarter valued at $552,313,000. Norges Bank purchased a new stake in shares of Xylem during the fourth quarter valued at $361,012,000. ABN AMRO Bank N.V. bought a new position in shares of Xylem in the second quarter worth about $105,523,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Xylem in the 2nd quarter worth about $69,740,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 3.0%

Shares of Xylem stock opened at $113.98 on Wednesday. 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 stock has a market cap of $26.61 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.66 and a beta of 1.02. The firm’s 50-day moving average is $117.69 and its two-hundred day moving average is $120.18. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating 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 previous year, the business posted $1.26 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, research analysts expect that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be paid a $0.43 dividend. 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 payout ratio is 40.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Xylem from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Oppenheimer reduced their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. UBS Group boosted their price target on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, CLSA raised Xylem to a “hold” rating in a research note on Thursday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.23.

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.