NEOS Investment Management LLC Raises Stock Holdings in Xylem Inc. $XYL

NEOS Investment Management LLC grew its position in Xylem Inc. (NYSE:XYL) by 14.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 39,828 shares of the industrial products company’s stock after acquiring an additional 4,879 shares during the quarter. NEOS Investment Management LLC’s holdings in Xylem were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. XXEC Inc. purchased a new stake in Xylem in the 2nd quarter valued at $850,841,000. J. Stern & Co. LLP grew its position in Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the last quarter. BlackRock Inc. purchased a new position in Xylem during the 2nd quarter worth $2,959,730,000. State Street Corp increased its stake in Xylem by 2.6% in the fourth quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock valued at $1,529,768,000 after purchasing an additional 280,221 shares during the period. Finally, Geode Capital Management LLC increased its stake in Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after purchasing an additional 151,754 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

NYSE XYL opened at $105.91 on Monday. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.70 and a beta of 1.00. The business’s 50 day moving average is $117.60 and its two-hundred day moving average is $118.01. 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 posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $1.26 EPS. The company’s quarterly 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 expect that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be issued 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 dividend payout ratio (DPR) is 40.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XYL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Jefferies Financial Group raised their price target on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Royal Bank Of Canada boosted their price target on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Barclays increased their price objective on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, UBS Group lifted their target price on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.