Man Group plc Makes New Investment in Xylem Inc. $XYL

Man Group plc bought a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 767,383 shares of the industrial products company’s stock, valued at approximately $90,712,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wexford Capital LP acquired a new stake in Xylem during the 3rd quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $27,000. Dunhill Financial LLC acquired a new position in shares of Xylem in the 2nd quarter valued at about $30,000. Avalon Trust Co purchased a new stake in shares of Xylem in the second quarter worth approximately $35,000. Finally, Entrust Financial LLC acquired a new stake in shares of Xylem during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 1.2%

Shares of NYSE XYL opened at $112.76 on Wednesday. The business has a 50 day simple moving average of $118.11 and a 200 day simple moving average of $119.31. 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 $26.33 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61.

Xylem (NYSE:XYL) last issued 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. The firm had revenue of $2.34 billion for 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 company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, research analysts predict that Xylem Inc. will post 5.66 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be paid 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 presently 40.95%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group upped 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. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

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.