66,205 Shares in Xylem Inc. $XYL Purchased by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 66,205 shares of the industrial products company’s stock, valued at approximately $7,826,000.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new position in shares of Xylem during the 4th quarter worth approximately $27,000. Wexford Capital LP purchased a new stake in Xylem in the third quarter valued at approximately $27,000. Dunhill Financial LLC purchased a new stake in Xylem in the second quarter valued at approximately $30,000. Avalon Trust Co acquired a new position in Xylem during the second quarter worth $35,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Xylem during the first quarter worth $40,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.2%

Shares of NYSE XYL opened at $112.76 on Wednesday. The stock has a market cap of $26.33 billion, a P/E ratio of 26.85, a PEG ratio of 1.58 and a beta of 1.02. The business’s fifty day simple moving average is $118.11 and its 200-day simple moving average is $119.31. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. 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 (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.Xylem’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities analysts predict that Xylem Inc. will post 5.66 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group boosted their price objective on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Mizuho raised their target price on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their price target on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays increased 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price 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.