35,386 Shares in Xylem Inc. $XYL Bought by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the second quarter, Holdings Channel.com reports. The firm acquired 35,386 shares of the industrial products company’s stock, valued at approximately $4,183,000.

Several other institutional investors have also modified their holdings of the stock. Wexford Capital LP acquired a new position in shares of Xylem during the 3rd quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new stake in Xylem in the 4th quarter worth about $27,000. Dunhill Financial LLC acquired a new stake in Xylem in the 2nd quarter worth about $30,000. Avalon Trust Co purchased a new stake in Xylem during the 2nd quarter worth approximately $35,000. Finally, Entrust Financial LLC purchased a new position in shares of Xylem in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

XYL stock opened at $117.59 on Tuesday. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The business has a fifty day moving average of $117.63 and a two-hundred day moving average of $120.33.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the company earned $1.26 EPS. The company’s quarterly revenue 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, research analysts anticipate that Xylem Inc. will post 5.67 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s payout ratio is 40.95%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Royal Bank Of Canada boosted their price target on Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, July 29th. Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, June 25th. CLSA raised shares of Xylem to a “hold” rating in a research note on Thursday, June 25th. Finally, Stifel Nicolaus increased their price target on Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target 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.