Van ECK Associates Corp Grows Stake in Xylem Inc. $XYL

Van ECK Associates Corp grew 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 and Exchange Commission (SEC). The institutional investor owned 56,675 shares of the industrial products company’s stock after purchasing an additional 6,767 shares during the quarter. Van ECK Associates Corp’s holdings in Xylem were worth $6,700,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem during the 4th quarter valued at about $27,000. Wexford Capital LP acquired a new stake in Xylem in the third quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in Xylem in the second quarter valued at approximately $30,000. Avalon Trust Co purchased a new stake in shares of Xylem during the second quarter valued at approximately $35,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Xylem during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 0.1%

Shares of NYSE:XYL opened at $106.78 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $117.99 and a 200 day simple moving average of $118.31. The firm has a market cap of $24.93 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The firm 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%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 5.66 EPS for the current fiscal 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 given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem’s dividend payout ratio (DPR) is presently 40.95%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their target price 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. Barclays boosted their price objective on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group upped their price objective on shares of Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. CLSA upgraded Xylem to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock 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.