Xylem Inc. $XYL Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its holdings in Xylem Inc. (NYSE:XYL) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456,380 shares of the industrial products company’s stock after selling 8,220 shares during the period. Gabelli Funds LLC owned 0.19% of Xylem worth $67,316,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. State of Wyoming grew its stake in shares of Xylem by 10.4% during the 3rd quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock valued at $112,000 after buying an additional 71 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Xylem by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after buying an additional 74 shares during the period. Journey Strategic Wealth LLC boosted its holdings in Xylem by 1.5% in the third quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock valued at $753,000 after acquiring an additional 77 shares during the last quarter. Private Trust Co. NA grew its position in Xylem by 22.4% during the third quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 84 shares during the period. Finally, Ascent Wealth Partners LLC grew its position in Xylem by 0.6% during the third quarter. Ascent Wealth Partners LLC now owns 14,385 shares of the industrial products company’s stock valued at $2,122,000 after acquiring an additional 87 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. TD Cowen reiterated a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Barclays dropped their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Stifel Nicolaus decreased their price objective on shares of Xylem from $178.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Performance

Shares of XYL stock opened at $123.16 on Friday. The stock has a market capitalization of $29.95 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.81 and a beta of 1.17. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27. The company’s 50-day simple moving average is $135.51 and its 200-day simple moving average is $140.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62.

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

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be issued a $0.43 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. Xylem’s dividend payout ratio (DPR) is presently 43.88%.

Xylem declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About Xylem

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.