Xylem Inc. $XYL Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,011 shares of the industrial products company’s stock after selling 14,674 shares during the period. Korea Investment CORP’s holdings in Xylem were worth $31,124,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. SJS Investment Consulting Inc. boosted its stake in shares of Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 166 shares in the last quarter. First Horizon Corp purchased a new position in Xylem in the third quarter worth $30,000. Ramirez Asset Management Inc. raised its position in Xylem by 100.0% in the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Xylem in the third quarter valued at $34,000. Finally, Caldwell Trust Co purchased a new stake in shares of Xylem during the 2nd quarter worth $41,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 0.2%

NYSE:XYL opened at $123.45 on Tuesday. The company has a market capitalization of $30.02 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. 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 Inc. has a 52-week low of $100.47 and a 52-week high of $154.27. The stock has a fifty day simple moving average of $135.21 and a 200-day simple moving average of $140.48.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, meeting analysts’ consensus estimates of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same period in the previous year, the business posted $1.18 EPS. The business’s quarterly 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. On average, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be given a $0.43 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XYL. Citigroup lowered their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research note 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 on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating for the company 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Company 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.