Royal Fund Management LLC Makes New Investment in Xylem Inc. $XYL

Royal Fund Management LLC bought a new position in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, HoldingsChannel reports. The firm bought 22,002 shares of the industrial products company’s stock, valued at approximately $2,996,000.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Xylem during the second quarter worth $338,232,000. Schroder Investment Management Group lifted its holdings in Xylem by 2,055.2% in the third quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock valued at $171,687,000 after acquiring an additional 1,137,342 shares during the period. Swedbank AB lifted its holdings in Xylem by 19.0% in the third quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after acquiring an additional 830,821 shares during the period. Amundi boosted its position in shares of Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock worth $730,717,000 after purchasing an additional 830,337 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Xylem by 544.0% during the 3rd quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock worth $128,141,000 after purchasing an additional 733,860 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XYL shares. TD Cowen reiterated a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Citigroup decreased their price objective on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Robert W. Baird set a $161.00 target price on shares of Xylem in a report on Wednesday, February 11th. Oppenheimer set a $165.00 price target on shares of Xylem in a research report on Thursday, February 12th. Finally, Wall Street Zen lowered Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Nine research analysts have rated the stock with a Buy rating and four have issued 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 target price of $158.08.

Xylem Price Performance

Xylem stock opened at $116.14 on Tuesday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $129.20 and its 200 day simple moving average is $138.24. The firm has a market capitalization of $28.24 billion, a PE ratio of 29.63, a P/E/G ratio of 1.68 and a beta of 1.17.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.43 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. Xylem’s dividend payout ratio is 43.88%.

Xylem announced that its board has initiated a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board 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.