Xylem Inc. $XYL Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 5.9% in the second quarter, HoldingsChannel.com reports. The firm owned 506,433 shares of the industrial products company’s stock after selling 31,607 shares during the period. Wellington Management Group LLP’s holdings in Xylem were worth $59,865,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Wexford Capital LP acquired a new position in Xylem during the third quarter worth $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem in the 4th quarter valued at $27,000. Dunhill Financial LLC purchased a new stake in shares of Xylem in the 2nd quarter valued at $30,000. Avalon Trust Co acquired a new position in Xylem during the 2nd quarter worth about $35,000. Finally, Orion Capital Management LLC purchased a new position in Xylem during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Barclays lifted their price objective on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. CLSA upgraded shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Finally, Mizuho boosted 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. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $155.00.

Xylem Trading Down 0.1%

NYSE:XYL opened at $106.78 on Thursday. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The stock has a market cap of $24.93 billion, a P/E 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 quick ratio of 1.24 and a current ratio of 1.61. The stock has a 50-day simple moving average of $117.99 and a 200-day simple moving average of $118.31.

Xylem (NYSE:XYL) last issued its 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 business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts anticipate that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed 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. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 27th. Xylem’s payout ratio is currently 40.95%.

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.