NEOS Investment Management LLC Increases Position in Xylem Inc. $XYL

NEOS Investment Management LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,828 shares of the industrial products company’s stock after purchasing an additional 4,879 shares during the period. NEOS Investment Management LLC’s holdings in Xylem were worth $4,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Callahan Advisors LLC acquired a new position in shares of Xylem in the fourth quarter valued at approximately $1,721,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Xylem by 2,309.7% in 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 acquiring an additional 413,904 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in shares of Xylem during the fourth quarter worth $1,663,000. Norges Bank acquired a new stake in shares of Xylem in the fourth quarter valued at $361,012,000. Finally, MUFG Securities EMEA plc boosted its holdings in Xylem by 608.1% in the fourth quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock valued at $4,493,000 after purchasing an additional 28,331 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of Xylem stock opened at $105.91 on Monday. 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 firm’s 50 day moving average is $117.60 and its two-hundred day moving average is $118.01. The firm has a market capitalization of $24.73 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.70 and a beta of 1.00.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping 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 the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $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. Research analysts forecast that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be given 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 1.6%. Xylem’s payout ratio is 40.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Mizuho increased their price target on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on shares of Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Finally, CLSA raised Xylem to a “hold” rating in a report 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.00.

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.