Xylem Inc. $XYL Stake Cut by Shell Asset Management Co.

Shell Asset Management Co. cut its position in shares of Xylem Inc. (NYSE:XYL) by 87.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,292 shares of the industrial products company’s stock after selling 65,663 shares during the period. Shell Asset Management Co.’s holdings in Xylem were worth $1,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position in shares of Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the period. First Horizon Corp bought a new stake in shares of Xylem during the third quarter worth $30,000. Grey Fox Wealth Advisors LLC bought a new stake in Xylem during the 3rd quarter worth about $34,000. Caldwell Trust Co acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $41,000. Finally, FWL Investment Management LLC bought a new position in shares of Xylem in the 2nd quarter worth $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL opened at $128.14 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The business has a 50-day simple moving average of $138.48 and a two-hundred day simple moving average of $142.12. The stock has a market cap of $31.20 billion, a PE ratio of 32.69, a PEG ratio of 1.83 and a beta of 1.17.

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, hitting analysts’ consensus estimates of $1.42. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.37 billion. Xylem had a net margin of 10.59% and a return on equity of 11.11%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. This is a boost from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XYL shares. Mizuho set a $138.00 price target on shares of Xylem in a research report on Wednesday. Oppenheimer set a $165.00 price target on Xylem in a report on Thursday. Stifel Nicolaus cut their price objective on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Citigroup lowered their target price on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price 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.