Duff & Phelps Investment Management Co. Purchases 5,959 Shares of Xylem Inc. $XYL

Duff & Phelps Investment Management Co. increased its position in shares of Xylem Inc. (NYSE:XYL) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 398,243 shares of the industrial products company’s stock after purchasing an additional 5,959 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Xylem were worth $58,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Xylem by 58.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 471,282 shares of the industrial products company’s stock worth $69,514,000 after acquiring an additional 172,918 shares during the period. Mackenzie Financial Corp lifted its stake in Xylem by 1.8% during the third quarter. Mackenzie Financial Corp now owns 42,360 shares of the industrial products company’s stock worth $6,248,000 after purchasing an additional 759 shares during the period. Franklin Resources Inc. boosted its holdings in Xylem by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,777,680 shares of the industrial products company’s stock valued at $262,208,000 after purchasing an additional 24,732 shares in the last quarter. Silvant Capital Management LLC grew its stake in shares of Xylem by 0.9% in the 3rd quarter. Silvant Capital Management LLC now owns 27,174 shares of the industrial products company’s stock valued at $4,008,000 after purchasing an additional 253 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Xylem by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 8,213 shares of the industrial products company’s stock worth $1,211,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 0.3%

Shares of NYSE XYL opened at $122.33 on Thursday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The company has a 50-day moving average of $134.63 and a two-hundred day moving average of $140.20. The company has a market cap of $29.74 billion, a PE ratio of 31.21, a P/E/G ratio of 1.76 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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%. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm’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. As a group, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Xylem Increases Dividend

The company also recently declared 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 a positive change from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is 43.88%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Mizuho set a $138.00 price target on shares of Xylem in a report on Wednesday, February 11th. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Barclays cut their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.