Resona Asset Management Co. Ltd. Cuts Stock Position in Xylem Inc. $XYL

Resona Asset Management Co. Ltd. lessened its holdings in Xylem Inc. (NYSE:XYL) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 80,235 shares of the industrial products company’s stock after selling 4,925 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Xylem were worth $10,958,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Knuff & Co LLC purchased a new position in shares of Xylem in the 3rd quarter valued at $27,000. Board of the Pension Protection Fund purchased a new position in shares of Xylem in the 4th quarter valued at $27,000. Wexford Capital LP purchased a new position in shares of Xylem in the 3rd quarter valued at $27,000. Ramirez Asset Management Inc. raised its stake in shares of Xylem by 100.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Xylem in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays cut their target price on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus cut their target price on shares of Xylem from $163.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Oppenheimer cut their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada dropped their price target on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Xylem Stock Performance

Xylem stock opened at $108.08 on Thursday. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The firm’s fifty day moving average price is $119.40 and its 200 day moving average price is $131.61.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts forecast that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem’s payout ratio is 42.79%.

Xylem declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 4,269 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at $423,443.30. This trade represents a 54.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jerome A. Peribere acquired 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $116.61 per share, with a total value of $141,098.10. Following the completion of the acquisition, the director owned 27,209 shares in the company, valued at $3,172,841.49. This represents a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

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.