Van ECK Associates Corp Raises Stock Holdings in Xylem Inc. $XYL

Van ECK Associates Corp lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,675 shares of the industrial products company’s stock after acquiring an additional 6,767 shares during the period. Van ECK Associates Corp’s holdings in Xylem were worth $6,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callahan Advisors LLC purchased a new stake in Xylem in the 4th quarter worth approximately $1,721,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Xylem by 2,309.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock worth $54,314,000 after purchasing an additional 413,904 shares during the last quarter. Abacus Wealth Partners LLC acquired a new stake in shares of Xylem during the fourth quarter worth $1,663,000. Norges Bank purchased a new stake in shares of Xylem in the fourth quarter valued at $361,012,000. Finally, Franklin Resources Inc. grew its position in shares of Xylem by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,787,994 shares of the industrial products company’s stock valued at $243,489,000 after purchasing an additional 10,314 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $106.78 on Thursday. The business has a 50-day moving average of $117.99 and a two-hundred day moving average of $118.31. The firm has a market capitalization of $24.93 billion, a PE ratio of 25.42, a P/E/G ratio of 1.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company posted $1.26 EPS. The company’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. As a group, research analysts forecast that Xylem Inc. will post 5.66 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s payout ratio is 40.95%.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Barclays increased their target price on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group increased their price objective on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 24th. UBS Group boosted their target price on shares of Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, Robert W. Baird upped their price target on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

Xylem 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.