Vest Financial LLC Buys 18,543 Shares of Xylem Inc. $XYL

Vest Financial LLC raised its stake in Xylem Inc. (NYSE:XYL) by 108.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 35,687 shares of the industrial products company’s stock after buying an additional 18,543 shares during the quarter. Vest Financial LLC’s holdings in Xylem were worth $3,614,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Xylem during the 3rd quarter worth approximately $608,000. Strengthening Families & Communities LLC boosted its stake in Xylem by 2.1% in the third quarter. Strengthening Families & Communities LLC now owns 19,725 shares of the industrial products company’s stock valued at $1,998,000 after acquiring an additional 402 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Xylem by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 274,578 shares of the industrial products company’s stock valued at $27,807,000 after acquiring an additional 9,650 shares in the last quarter. South Shore Capital Advisors boosted its stake in Xylem by 42.0% in the third quarter. South Shore Capital Advisors now owns 2,825 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 836 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in Xylem by 22.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,116 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 384 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Xylem from $137.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Jefferies Financial Group raised their price objective on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Barclays lowered their price objective on Xylem from $159.00 to $139.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Wolfe Research started coverage on Xylem in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Finally, UBS Group reduced their target price on Xylem from $138.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $140.85.

Xylem Stock Performance

Shares of XYL opened at $108.86 on Friday. The stock has a 50-day moving average of $106.94 and a two-hundred day moving average of $113.43. The stock has a market cap of $25.42 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.76 and a beta of 1.00. Xylem Inc. has a one year low of $98.58 and a one year high of $154.27. 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 (NYSE:XYL) last issued its quarterly earnings results 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. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. Xylem’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, research analysts predict that Xylem Inc. will post 5.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, August 27th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. Xylem’s payout ratio is currently 40.95%.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.