Xylem (NYSE:XYL) Hits New 12-Month Low – Here’s What Happened
by Doug Wharley · The Cerbat GemXylem Inc. (NYSE:XYL – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $105.21 and last traded at $106.0310, with a volume of 1061693 shares trading hands. The stock had previously closed at $108.64.
Analysts Set New Price Targets
XYL has been the subject of several recent research reports. UBS Group lifted their price objective on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Mizuho increased their target price 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. Robert W. Baird lifted their target price on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Wolfe Research began coverage on shares of Xylem in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Finally, Royal Bank Of Canada upped their price target on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
Xylem Stock Performance
The business’s fifty day moving average price is $114.50 and its 200-day moving average price is $116.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The stock has a market capitalization of $24.17 billion, a PE ratio of 24.62, a P/E/G ratio of 1.73 and a beta of 1.00.
Xylem (NYSE:XYL – Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Xylem’s revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, equities research analysts expect that Xylem Inc. will post 5.66 EPS for the current year.
Xylem Dividend Announcement
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 given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is 40.95%.
Hedge Funds Weigh In On Xylem
A number of institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in shares of Xylem by 1.7% during the 2nd quarter. QRG Capital Management Inc. now owns 56,806 shares of the industrial products company’s stock valued at $6,715,000 after acquiring an additional 949 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Xylem by 38.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,080 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 1,399 shares in the last quarter. State Street Corp lifted its position in Xylem by 2.4% during the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock valued at $1,352,874,000 after purchasing an additional 270,972 shares during the last quarter. Tidal Investments LLC grew its stake in Xylem by 20.8% in the 2nd quarter. Tidal Investments LLC now owns 65,594 shares of the industrial products company’s stock worth $7,754,000 after buying an additional 11,305 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Xylem by 14.9% in the 2nd quarter. National Pension Service now owns 409,373 shares of the industrial products company’s stock worth $48,392,000 after buying an additional 53,221 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.
Xylem Company Profile
Xylem Inc (NYSE: XYL) is a global water technology company that develops products, services and solutions for the transportation, treatment, testing and efficient use of water and wastewater. Its customers include municipalities, utilities, industrial businesses, commercial facilities and residential users.
The company’s offerings include water and wastewater pumps, controls, treatment systems, filtration and disinfection equipment, smart metering and network technologies, monitoring tools, data analytics and related maintenance services.
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