Northstar Asset Management Inc. Decreases Stock Holdings in Xylem Inc. $XYL

Northstar Asset Management Inc. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,526 shares of the industrial products company’s stock after selling 5,583 shares during the quarter. Xylem comprises 2.1% of Northstar Asset Management Inc.’s holdings, making the stock its 18th largest holding. Northstar Asset Management Inc.’s holdings in Xylem were worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Hsbc Holdings PLC lifted its position in shares of Xylem by 9.5% during the second quarter. Hsbc Holdings PLC now owns 2,705,479 shares of the industrial products company’s stock valued at $319,785,000 after buying an additional 234,222 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Xylem in the 2nd quarter valued at about $6,712,000. Beacon Pointe Advisors LLC purchased a new position in shares of Xylem in the 2nd quarter worth approximately $559,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Xylem in the 2nd quarter worth approximately $259,000. Finally, Rakuten Investment Management Inc. bought a new position in shares of Xylem during the 2nd quarter worth approximately $4,575,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Robert W. Baird increased their price objective on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Mizuho raised their price objective on Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group boosted their target price on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Xylem Stock Performance

Shares of Xylem stock opened at $111.44 on Friday. The company has a 50 day moving average price of $118.20 and a 200 day moving average price of $118.87. The firm has a market capitalization of $26.02 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 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 Inc. has a 52 week low of $105.29 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. Xylem’s 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. Sell-side analysts expect that Xylem Inc. will post 5.66 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend 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.