Cibc World Market Inc. Grows Stock Holdings in Xylem Inc. $XYL

Cibc World Market Inc. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 168.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,747 shares of the industrial products company’s stock after acquiring an additional 21,808 shares during the period. Cibc World Market Inc.’s holdings in Xylem were worth $5,125,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in XYL. AQR Capital Management LLC lifted its holdings in Xylem by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after purchasing an additional 3,900 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 3,120 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Xylem in the second quarter valued at approximately $225,000. Finally, CWM LLC grew its stake in Xylem by 15.7% during the second quarter. CWM LLC now owns 9,988 shares of the industrial products company’s stock valued at $1,292,000 after acquiring an additional 1,353 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 1.6%

NYSE XYL opened at $128.14 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $138.48 and its two-hundred day simple moving average is $142.04. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27. The company has a market capitalization of $31.20 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.83 and a beta of 1.17.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, meeting the consensus estimate of $1.42. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.37 billion. Xylem had a return on equity of 11.11% and a net margin of 10.59%.The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 24th. Xylem’s payout ratio is 40.82%.

Analysts Set New Price Targets

Several research firms have issued reports on XYL. Citigroup lowered their target price on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays lowered their price objective on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday. William Blair assumed coverage on Xylem in a research report on Monday, January 26th. They set an “outperform” rating for the company. Stifel Nicolaus lowered their price target on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.08.

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.