Fifth Third Bancorp Sells 6,304 Shares of Xylem Inc. $XYL

Fifth Third Bancorp reduced its holdings in Xylem Inc. (NYSE:XYL) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,670 shares of the industrial products company’s stock after selling 6,304 shares during the period. Fifth Third Bancorp’s holdings in Xylem were worth $5,999,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of XYL. SJS Investment Consulting Inc. increased its stake in shares of Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. First Horizon Corp acquired a new position in shares of Xylem during the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Xylem during the third quarter worth approximately $34,000. Root Financial Partners LLC bought a new stake in Xylem during the third quarter worth about $46,000. Finally, Caldwell Trust Co bought a new stake in Xylem during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus cut their target price on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Argus set a $170.00 price objective on shares of Xylem in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Wall Street Zen lowered Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, The Goldman Sachs Group set a $158.00 price objective on Xylem in a research report on Wednesday, February 11th. Nine equities 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, Xylem currently has an average rating of “Moderate Buy” and an average target price of $158.08.

Xylem Trading Down 0.1%

XYL stock opened at $128.02 on Wednesday. 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 Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The firm has a fifty day moving average price of $138.10 and a 200 day moving average price of $141.91. The firm has a market cap of $31.17 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the business earned $1.18 EPS. Xylem’s 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. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm 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 $0.43 dividend. The ex-dividend date is Tuesday, February 24th. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. Xylem’s dividend payout ratio (DPR) is currently 40.82%.

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.