6,399 Shares in Xylem Inc. $XYL Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,399 shares of the industrial products company’s stock, valued at approximately $944,000.

A number of other hedge funds also recently bought and sold shares of XYL. AQR Capital Management LLC raised its holdings in shares of Xylem by 14.4% during the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after acquiring an additional 3,900 shares during the period. NewEdge Advisors LLC boosted its stake in Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares during the period. Empowered Funds LLC grew its position in Xylem by 56.1% during the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 3,120 shares in the last quarter. Savant Capital LLC grew its position in Xylem by 23.3% during the 2nd quarter. Savant Capital LLC now owns 5,884 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in Xylem by 11.1% during the 2nd quarter. Profund Advisors LLC now owns 2,736 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 273 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.1%

Xylem stock opened at $119.88 on Friday. The company’s fifty day simple moving average is $133.97 and its 200-day simple moving average is $139.90. 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 12 month low of $100.47 and a 12 month high of $154.27. The stock has a market cap of $29.15 billion, a P/E ratio of 30.58, a P/E/G ratio of 1.72 and a beta of 1.17.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.During the same quarter last year, the business earned $1.18 earnings per share. The company’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. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem declared that its board has authorized a share repurchase plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th will be issued a $0.43 dividend. 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 yield of 1.4%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio is currently 43.88%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XYL. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. William Blair started coverage on Xylem in a research report on Monday, January 26th. They set an “outperform” rating for the company. Finally, Barclays lowered their target price on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research note 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 company’s stock. Based on data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $158.08.

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.