Canada Pension Plan Investment Board Acquires Shares of 269,392 Xylem Inc. $XYL

Canada Pension Plan Investment Board acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 269,392 shares of the industrial products company’s stock, valued at approximately $31,845,000.

Several other institutional investors have also recently made changes to their positions in XYL. XXEC Inc. bought a new position in shares of Xylem during the second quarter valued at about $850,841,000. J. Stern & Co. LLP grew its position in Xylem by 12,326.6% in 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 in the last quarter. BlackRock Inc. purchased a new stake in Xylem in the 2nd quarter valued at about $2,959,730,000. Bank of New York Mellon Corp purchased a new stake in Xylem in the 2nd quarter valued at about $552,313,000. Finally, Norges Bank bought a new position in shares of Xylem during the 4th quarter worth approximately $361,012,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.1%

XYL opened at $111.44 on Friday. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The company’s 50-day moving average price is $118.20 and its two-hundred day moving average price is $118.87. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 and a beta of 1.02. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.12. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities analysts expect that Xylem Inc. will post 5.66 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is currently 40.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. CLSA upgraded Xylem to a “hold” rating in a research note on Thursday, June 25th. Robert W. Baird increased their price target on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Barclays lifted their price target on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Mizuho upped their price objective on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

About Xylem

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.