Vaughan Nelson Investment Management L.P. Sells 367,278 Shares of Xylem Inc. $XYL

Vaughan Nelson Investment Management L.P. cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,718 shares of the industrial products company’s stock after selling 367,278 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.23% of Xylem worth $77,857,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XYL. SJS Investment Consulting Inc. grew its stake in shares of Xylem by 1,844.4% in the 3rd 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 purchased a new stake in shares of Xylem during the third quarter valued at $27,000. Wexford Capital LP purchased a new stake in shares of Xylem in the third quarter valued at approximately $27,000. First Horizon Corp purchased a new position in shares of Xylem during the third quarter valued at $30,000. Finally, Ramirez Asset Management Inc. increased its position in Xylem by 100.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 1.2%

XYL opened at $116.14 on Tuesday. 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 has a market cap of $28.24 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.68 and a beta of 1.17. The business has a fifty day simple moving average of $129.20 and a 200-day simple moving average of $138.24. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings results 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 return on equity of 11.11% and a net margin of 10.59%.During the same quarter in the prior year, the business posted $1.18 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

Xylem declared that its board has initiated a stock buyback program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XYL. Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. Robert W. Baird set a $161.00 price objective on Xylem in a research note on Wednesday, February 11th. Barclays decreased their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on shares of Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada reduced their price target on Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Xylem 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.