Fifth Third Bancorp Cuts Stake in Xylem Inc. $XYL

Fifth Third Bancorp trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,670 shares of the industrial products company’s stock after selling 6,304 shares during the period. Fifth Third Bancorp’s holdings in Xylem were worth $5,999,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XYL. State of New Jersey Common Pension Fund D lifted its holdings in shares of Xylem by 4.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 84,080 shares of the industrial products company’s stock valued at $12,402,000 after acquiring an additional 3,911 shares in the last quarter. HighTower Advisors LLC raised its position in Xylem by 0.8% in the third quarter. HighTower Advisors LLC now owns 101,038 shares of the industrial products company’s stock valued at $14,904,000 after purchasing an additional 849 shares during the period. Aberdeen Group plc raised its position in Xylem by 3.5% in the third quarter. Aberdeen Group plc now owns 363,396 shares of the industrial products company’s stock valued at $52,311,000 after purchasing an additional 12,297 shares during the period. Assetmark Inc. boosted its position in shares of Xylem by 26.6% in the third quarter. Assetmark Inc. now owns 1,166 shares of the industrial products company’s stock worth $172,000 after buying an additional 245 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in Xylem by 14.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,087 shares of the industrial products company’s stock valued at $3,110,000 after purchasing an additional 2,616 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE XYL opened at $128.02 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28. The company has a market capitalization of $31.17 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27. The business’s 50-day moving average price is $138.10 and its two-hundred day moving average price is $141.91.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.42. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Xylem had a return on equity of 11.11% and a net margin of 10.59%.Xylem’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be paid a $0.43 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Xylem’s payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Xylem in a research report on Monday, January 26th. They issued an “outperform” rating on the stock. TD Cowen reiterated a “hold” rating on shares of Xylem in a research report on Friday, December 5th. Argus set a $170.00 price target on Xylem in a report on Wednesday, October 29th. UBS Group restated a “buy” rating and issued a $155.00 target price on shares of Xylem in a research report on Friday. Finally, Royal Bank Of Canada cut their target price on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.08.

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.