Xylem Inc. $XYL Stock Holdings Lifted by LGT Group Foundation

LGT Group Foundation grew its stake in shares of Xylem Inc. (NYSE:XYL) by 13.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 62,016 shares of the industrial products company’s stock after acquiring an additional 7,122 shares during the period. LGT Group Foundation’s holdings in Xylem were worth $9,171,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in shares of Xylem by 12.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 357,202 shares of the industrial products company’s stock worth $52,290,000 after acquiring an additional 39,264 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Xylem by 2,055.2% during the third quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock valued at $171,687,000 after purchasing an additional 1,137,342 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Xylem by 1.1% in the 3rd quarter. Private Advisor Group LLC now owns 10,747 shares of the industrial products company’s stock valued at $1,585,000 after purchasing an additional 118 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Xylem by 15.7% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 82,140 shares of the industrial products company’s stock valued at $12,116,000 after purchasing an additional 11,131 shares during the period. Finally, Vinva Investment Management Ltd increased its stake in Xylem by 92.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 4,982 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 2,387 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Oppenheimer set a $165.00 price objective on shares of Xylem in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. TD Cowen restated a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Citigroup reduced their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, Mizuho set a $138.00 price objective on shares of Xylem in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Down 2.4%

XYL stock opened at $123.16 on Monday. The company has a 50 day moving average of $135.51 and a two-hundred day moving average of $140.59. The company has a market cap of $29.95 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.76 and a beta of 1.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12.

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

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. This is an increase from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio is presently 43.88%.

Xylem announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are 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.