Bowen Hanes & Co. Inc. Lowers Stock Holdings in Xylem Inc. $XYL

Bowen Hanes & Co. Inc. lowered its holdings in Xylem Inc. (NYSE:XYL) by 81.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,427 shares of the industrial products company’s stock after selling 284,010 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Xylem were worth $9,046,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC purchased a new stake in Xylem during the third quarter valued at about $27,000. Wexford Capital LP purchased a new stake in Xylem during the third quarter valued at about $27,000. Ramirez Asset Management Inc. grew its position in Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Board of the Pension Protection Fund purchased a new stake in Xylem during the fourth quarter valued at about $27,000. Finally, Entrust Financial LLC purchased a new stake in Xylem during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 0.4%

NYSE:XYL opened at $109.88 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The business’s 50-day simple moving average is $117.20 and its 200 day simple moving average is $128.77. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem’s payout ratio is 42.79%.

Xylem announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

XYL has been the subject of a number of research reports. Weiss Ratings downgraded Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Citigroup lowered their price target on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $161.00 price target on Xylem in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $158.00 price objective on Xylem in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada reduced their price objective on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Seven 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Insider Activity

In other Xylem news, Director Jerome A. Peribere purchased 1,210 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the purchase, the director owned 27,209 shares in the company, valued at $3,172,841.49. The trade was a 4.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total value of $501,436.74. Following the sale, the chief accounting officer owned 3,605 shares in the company, valued at $423,443.30. The trade was a 54.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.32% of the company’s stock.

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.