Mitsubishi UFJ Asset Management Co. Ltd. Purchases 22,495 Shares of Xylem Inc. $XYL

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Xylem Inc. (NYSE:XYL) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 486,113 shares of the industrial products company’s stock after purchasing an additional 22,495 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Xylem were worth $71,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its stake in Xylem by 102.4% in the 3rd quarter. AlphaCore Capital LLC now owns 860 shares of the industrial products company’s stock valued at $127,000 after buying an additional 435 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in shares of Xylem by 87.8% in the third quarter. Fox Run Management L.L.C. now owns 7,664 shares of the industrial products company’s stock valued at $1,130,000 after acquiring an additional 3,582 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of Xylem by 10.1% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 22,535 shares of the industrial products company’s stock valued at $3,324,000 after acquiring an additional 2,069 shares during the last quarter. LGT Capital Partners LTD. lifted its holdings in Xylem by 18.4% during the third quarter. LGT Capital Partners LTD. now owns 268,704 shares of the industrial products company’s stock worth $39,634,000 after acquiring an additional 41,730 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Xylem during the third quarter worth $357,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XYL shares. Barclays decreased their target price on Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Mizuho set a $138.00 price target on shares of Xylem in a research report on Wednesday, February 11th. 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 report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Finally, Robert W. Baird set a $161.00 target price on shares of Xylem in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Price Performance

NYSE XYL opened at $129.46 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The company has a market cap of $31.48 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The firm’s 50-day simple moving average is $136.69 and its two-hundred day simple moving average is $141.14.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.43 per share. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

Xylem announced that its board has initiated a share repurchase plan 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 repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board 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.