Xylem Inc. $XYL Stake Reduced by Thematics Asset Management

Thematics Asset Management decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,373 shares of the industrial products company’s stock after selling 19,296 shares during the period. Thematics Asset Management’s holdings in Xylem were worth $16,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. SJS Investment Consulting Inc. boosted its holdings in Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 166 shares in the last quarter. Knuff & Co LLC bought a new stake in shares of Xylem during the 3rd quarter worth $27,000. First Horizon Corp acquired a new position in shares of Xylem in the 3rd quarter worth $30,000. Ramirez Asset Management Inc. raised its position in shares of Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Xylem during the third quarter valued at $34,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. Citigroup dropped their target price on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $161.00 target price on Xylem in a report on Wednesday, February 11th. Oppenheimer set a $165.00 price target on Xylem in a research note on Thursday, February 12th. Zacks Research lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, The Goldman Sachs Group set a $158.00 price objective on Xylem in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.08.

Xylem Stock Down 0.1%

Xylem stock opened at $119.88 on Friday. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The firm has a fifty day moving average price of $133.97 and a two-hundred day moving average price of $139.90.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, meeting 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 period in the prior year, the company earned $1.18 EPS. The company’s revenue for the quarter 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, analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

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

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.