Empowered Funds LLC Takes $12.86 Million Position in Xylem Inc. $XYL

Empowered Funds LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 108,789 shares of the industrial products company’s stock, valued at approximately $12,860,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Commonwealth Retirement Investments LLC bought a new position in Xylem in the fourth quarter worth $27,000. Wexford Capital LP purchased a new stake in shares of Xylem in the 3rd quarter worth about $27,000. Dunhill Financial LLC purchased a new stake in shares of Xylem in the 2nd quarter worth about $30,000. Avalon Trust Co bought a new position in shares of Xylem in the 2nd quarter worth about $35,000. Finally, Global Assets Advisory LLC purchased a new position in Xylem during the 1st quarter valued at about $40,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group boosted their price target on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Finally, CLSA upgraded Xylem to a “hold” rating in a report on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and an average price target of $155.00.

Xylem Trading Down 1.1%

NYSE:XYL opened at $111.44 on Friday. 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. The company’s 50 day moving average price is $118.20 and its 200-day moving average price is $118.87. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, equities research analysts forecast 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 paid 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%.

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.