Sequoia Financial Advisors LLC Grows Position in Xylem Inc. $XYL

Sequoia Financial Advisors LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 344,214 shares of the industrial products company’s stock after buying an additional 13,938 shares during the period. Sequoia Financial Advisors LLC’s holdings in Xylem were worth $46,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Knuff & Co LLC bought a new position in Xylem in the 3rd quarter worth approximately $27,000. Board of the Pension Protection Fund bought a new stake in Xylem during the 4th quarter valued at $27,000. Wexford Capital LP purchased a new stake in shares of Xylem during the third quarter worth $27,000. First Horizon Corp bought a new position in shares of Xylem in the third quarter worth $30,000. Finally, Ramirez Asset Management Inc. grew its position in shares of Xylem by 100.0% in the third 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 in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Citigroup reduced their target price on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. UBS Group increased their price target on shares of Xylem from $132.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group reissued a “hold” rating and issued a $130.00 price target (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. Finally, Oppenheimer decreased their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Insiders Place Their Bets

In related news, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was purchased at an average price of $116.61 per share, with a total value of $141,098.10. Following the completion of the purchase, the director owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $118.69 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.21 billion, a PE ratio of 29.52, a PEG ratio of 1.66 and a beta of 1.08. The company’s fifty day moving average is $122.88 and its 200 day moving average is $134.31. Xylem Inc. has a 52 week low of $114.15 and a 52 week high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Research analysts anticipate that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were paid a $0.43 dividend. This is an increase 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 yield of 1.4%. Xylem’s payout ratio is presently 42.79%.

Xylem announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership 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.