Commerce Bank Buys New Shares in Xylem Inc. $XYL

Commerce Bank bought a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, HoldingsChannel reports. The firm bought 5,241 shares of the industrial products company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XYL. XXEC Inc. acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $850,841,000. J. Stern & Co. LLP increased its position in shares of Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock valued at $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. BlackRock Inc. acquired a new position in shares of Xylem in the second quarter valued at $2,959,730,000. Bank of New York Mellon Corp acquired a new position in shares of Xylem in the second quarter valued at $552,313,000. Finally, Norges Bank bought a new position in Xylem in the fourth quarter worth $361,012,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XYL shares. UBS Group lifted their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Stifel Nicolaus increased their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, July 29th. Finally, Robert W. Baird upped their target price on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

Xylem Stock Up 0.6%

XYL opened at $113.51 on Thursday. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.66 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. The firm’s 50-day simple moving average is $118.18 and its 200-day simple moving average is $119.13. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities research analysts anticipate 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. 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 dividend on an annualized basis and a dividend yield of 1.5%. Xylem’s payout ratio is 40.95%.

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.