Xylem Inc. $XYL Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in Xylem Inc. (NYSE:XYL) by 57.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 308,843 shares of the industrial products company’s stock after acquiring an additional 112,283 shares during the period. Gotham Asset Management LLC’s holdings in Xylem were worth $42,058,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Knuff & Co LLC acquired a new stake in shares of Xylem in the third quarter worth approximately $27,000. Board of the Pension Protection Fund purchased a new position in Xylem in the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in Xylem in the fourth quarter valued at approximately $27,000. Wexford Capital LP purchased a new position in Xylem in the third quarter valued at approximately $27,000. Finally, Ramirez Asset Management Inc. raised its holdings in Xylem by 100.0% in the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after buying an additional 100 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Down 1.7%

XYL opened at $110.18 on Thursday. The firm has a market capitalization of $26.19 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.59 and a beta of 1.04. The firm’s 50 day moving average is $115.12 and its 200-day moving average is $126.61. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. 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 posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 10.79% and a return on equity of 11.26%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Analysts expect that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s dividend payout ratio (DPR) is currently 42.79%.

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

Wall Street Analyst Weigh In

Several research firms recently commented on XYL. Weiss Ratings lowered shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. UBS Group raised their price target on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group restated a “hold” rating and issued a $130.00 price target (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. Finally, Citigroup cut their price target on shares of Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Seven equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Insider Buying and Selling

In other news, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were bought 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 directly 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the sale, the chief accounting officer owned 3,605 shares in the company, valued at $423,443.30. This represents a 54.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.