Saudi Central Bank Has $2.01 Million Stake in Xylem Inc. $XYL

Saudi Central Bank grew its stake in shares of Xylem Inc. (NYSE:XYL) by 89.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,019 shares of the industrial products company’s stock after purchasing an additional 8,032 shares during the period. Saudi Central Bank’s holdings in Xylem were worth $2,012,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of XYL. Angeles Wealth Management LLC boosted its position in shares of Xylem by 14.6% during the second quarter. Angeles Wealth Management LLC now owns 3,745 shares of the industrial products company’s stock valued at $443,000 after buying an additional 478 shares during the last quarter. AlphaGrep UK Ltd purchased a new stake in Xylem in the 2nd quarter valued at $1,092,000. Aventus Investment Advisors Inc. lifted its stake in Xylem by 66.7% during the 2nd quarter. Aventus Investment Advisors Inc. now owns 300 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Raiffeisen Bank International AG lifted its stake in Xylem by 18.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 389,025 shares of the industrial products company’s stock valued at $45,411,000 after acquiring an additional 60,448 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Xylem by 1,922.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 46,034 shares of the industrial products company’s stock worth $5,400,000 after acquiring an additional 43,758 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.2%

XYL opened at $105.91 on Tuesday. 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 stock has a market cap of $24.73 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.70 and a beta of 1.00. 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 $117.38 and its two-hundred day moving average price is $117.85.

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 1.6%. The ex-dividend date of this dividend is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is currently 40.95%.

Analyst Ratings Changes

XYL has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Jefferies Financial Group raised their price target on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 24th. UBS Group boosted their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Mizuho upped their price objective on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Barclays increased their price objective on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Nine 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 stock presently has a consensus rating of “Moderate Buy” and an average price target 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.