Goldman Sachs Group Inc. Increases Stock Holdings in Xylem Inc. $XYL

Goldman Sachs Group Inc. boosted its position in shares of Xylem Inc. (NYSE:XYL) by 17.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,877,203 shares of the industrial products company’s stock after acquiring an additional 282,001 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Xylem were worth $255,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XYL. Norges Bank purchased a new position in Xylem during the 4th quarter valued at about $361,012,000. Schroder Investment Management Group boosted its stake in shares of Xylem by 2,055.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock valued at $171,687,000 after buying an additional 1,137,342 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Xylem by 346.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock valued at $105,160,000 after buying an additional 553,152 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Xylem in the 2nd quarter valued at about $64,407,000. Finally, Jennison Associates LLC boosted its stake in shares of Xylem by 241.6% in the 4th quarter. Jennison Associates LLC now owns 633,648 shares of the industrial products company’s stock valued at $86,290,000 after buying an additional 448,148 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen reiterated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Stifel Nicolaus decreased their price objective on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. Weiss Ratings cut Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Trading Down 0.3%

XYL opened at $109.84 on Friday. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The business’s 50 day moving average is $116.75 and its two-hundred day moving average is $128.41. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.

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. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts predict that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Dividend Announcement

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

Xylem declared that its board has initiated a share buyback plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

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

Xylem 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.