OVERSEA CHINESE BANKING Corp Ltd Invests $19.88 Million in Xylem Inc. $XYL

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the second quarter, HoldingsChannel.com reports. The fund acquired 168,129 shares of the industrial products company’s stock, valued at approximately $19,875,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Notis McConarty Edward bought a new position in Xylem in the 2nd quarter worth $3,959,000. Somerville Kurt F bought a new stake in Xylem during the second quarter valued at about $7,079,000. Puzo Michael J bought a new stake in Xylem during the second quarter valued at about $7,723,000. Aurora Investment Counsel purchased a new stake in Xylem in the second quarter worth about $558,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Xylem in the second quarter worth about $7,602,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XYL. Oppenheimer lowered their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Citigroup reissued a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Stifel Nicolaus lifted their price target on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays upped their price target on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $154.23.

Xylem Price Performance

NYSE:XYL opened at $113.42 on Friday. The business’s 50-day simple moving average is $117.96 and its two-hundred day simple moving average is $119.86. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The stock has a market cap of $26.48 billion, a PE ratio of 27.00, a P/E/G ratio of 1.61 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 released 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. 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 analyst estimates of $2.34 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’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. As a group, analysts forecast that Xylem Inc. will post 5.67 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced 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. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s payout ratio is 40.95%.

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.