Public Employees Retirement System of Ohio Makes New Investment in Xylem Inc. $XYL

Public Employees Retirement System of Ohio bought a new position in Xylem Inc. (NYSE:XYL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 67,634 shares of the industrial products company’s stock, valued at approximately $7,995,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new stake in Xylem in the fourth quarter worth about $27,000. Wexford Capital LP purchased a new position in shares of Xylem during the 3rd quarter worth approximately $27,000. Dunhill Financial LLC bought a new position in shares of Xylem in the 2nd quarter worth approximately $30,000. Avalon Trust Co bought a new position in shares of Xylem in the 2nd quarter worth approximately $35,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Xylem in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 3.2%

Shares of NYSE:XYL opened at $106.64 on Wednesday. The stock has a fifty day simple moving average of $118.10 and a two-hundred day simple moving average of $118.44. The stock has a market capitalization of $24.90 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.77 and a beta of 1.00. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 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 for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. 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. On average, research analysts anticipate that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio is 40.95%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XYL shares. Robert W. Baird upped their price target on Xylem from $163.00 to $165.00 and gave the stock an “outperform” 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. Jefferies Financial Group upped their target price on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Mizuho increased their price target on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus boosted their price objective 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. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

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.