Gotham Asset Management LLC Acquires 54,442 Shares of Xylem Inc. $XYL

Gotham Asset Management LLC lifted its holdings in Xylem Inc. (NYSE:XYL) by 38.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,560 shares of the industrial products company’s stock after purchasing an additional 54,442 shares during the quarter. Gotham Asset Management LLC’s holdings in Xylem were worth $28,993,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming increased its stake in Xylem by 10.4% in the 3rd quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Xylem by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after buying an additional 74 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Xylem by 1.5% during the 3rd quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock worth $753,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Xylem by 22.4% in the 3rd quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 84 shares in the last quarter. Finally, Ascent Wealth Partners LLC increased its position in shares of Xylem by 0.6% in the third quarter. Ascent Wealth Partners LLC now owns 14,385 shares of the industrial products company’s stock valued at $2,122,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on XYL shares. William Blair started coverage on Xylem in a report on Monday, January 26th. They set an “outperform” rating on the stock. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Oppenheimer set a $165.00 target price on shares of Xylem in a report on Thursday, February 12th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Up 1.0%

Shares of XYL opened at $121.07 on Tuesday. The firm has a market cap of $29.44 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The firm’s 50-day simple moving average is $133.61 and its 200 day simple moving average is $139.68.

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

Xylem announced that its board has initiated a share buyback 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 buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Xylem Increases Dividend

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

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.