Northstar Asset Management Inc. Reduces Holdings in Xylem Inc. $XYL

Northstar Asset Management Inc. decreased its position in shares of Xylem Inc. (NYSE:XYL) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,526 shares of the industrial products company’s stock after selling 5,583 shares during the period. Xylem makes up about 2.1% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 18th largest position. Northstar Asset Management Inc.’s holdings in Xylem were worth $7,037,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. XXEC Inc. purchased a new stake in Xylem in the 2nd quarter worth about $850,841,000. J. Stern & Co. LLP boosted its position in shares of Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock valued at $6,189,132,000 after buying an additional 45,082,435 shares during the period. BlackRock Inc. bought a new position in shares of Xylem during the second quarter valued at approximately $2,959,730,000. Bank of New York Mellon Corp bought a new position in shares of Xylem during the second quarter valued at approximately $552,313,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Xylem in the second quarter worth approximately $319,785,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

XYL opened at $111.44 on Friday. The company has a market capitalization 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 current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The business’s fifty day simple moving average is $118.20 and its 200-day simple moving average is $118.87.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share 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 firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. Xylem’s payout ratio is currently 40.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Barclays increased their target price on Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Mizuho lifted their target price on Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their target price on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada upped their price target on shares of Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Nine research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Xylem Company 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.