83,563 Shares in Xylem Inc. $XYL Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 83,563 shares of the industrial products company’s stock, valued at approximately $9,878,000.

A number of other institutional investors also recently bought and sold shares of XYL. J. Stern & Co. LLP raised its holdings in shares of 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 valued at $6,189,132,000 after buying an additional 45,082,435 shares during the last quarter. Norges Bank purchased a new position in shares of Xylem during the fourth quarter worth about $361,012,000. SEB Asset Management AB purchased a new position in shares of Xylem during the first quarter worth about $66,700,000. Balyasny Asset Management L.P. increased its position in Xylem by 346.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock valued at $105,160,000 after acquiring an additional 553,152 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Xylem in the 2nd quarter valued at about $64,407,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of NYSE XYL opened at $119.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The firm has a market capitalization of $27.96 billion, a P/E ratio of 28.51, a PEG ratio of 1.67 and a beta of 1.02. The company’s fifty day moving average is $117.47 and its two-hundred day moving average is $120.65.

Xylem (NYSE:XYL) last announced its quarterly earnings results 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. 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 the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.26 EPS. The business’s 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. Analysts forecast that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Announces Dividend

The business 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 dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 27th. Xylem’s dividend payout ratio is presently 40.95%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. 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. Barclays boosted their target price on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Robert W. Baird increased their price target on Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Oppenheimer lowered their price objective 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. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.23.

About Xylem

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.