First Trust Advisors LP Purchases 17,781 Shares of Xylem Inc. $XYL

First Trust Advisors LP raised its position in shares of Xylem Inc. (NYSE:XYL) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 657,893 shares of the industrial products company’s stock after purchasing an additional 17,781 shares during the period. First Trust Advisors LP’s holdings in Xylem were worth $97,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XYL. State of Wyoming increased its position in shares of Xylem by 10.4% during the 3rd quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 71 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Xylem by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock valued at $1,151,000 after buying an additional 74 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in Xylem by 1.5% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock worth $753,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA boosted its stake in Xylem by 22.4% in the third quarter. Private Trust Co. NA now owns 459 shares of the industrial products company’s stock worth $68,000 after buying an additional 84 shares in the last quarter. Finally, Ascent Wealth Partners LLC boosted its stake in Xylem by 0.6% in the third quarter. Ascent Wealth Partners LLC now owns 14,385 shares of the industrial products company’s stock worth $2,122,000 after buying an additional 87 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho set a $138.00 price target on shares of Xylem in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. The Goldman Sachs Group set a $158.00 target price on shares of Xylem in a research report on Wednesday, February 11th. Barclays lowered their price target on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Finally, William Blair started coverage on shares of Xylem in a research report on Monday, January 26th. They set an “outperform” rating for the company. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Up 0.2%

Shares of Xylem stock opened at $123.45 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27. The company’s 50 day moving average price is $135.21 and its 200-day moving average price is $140.48. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.76 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, meeting analysts’ consensus estimates of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem announced that its board has initiated a stock buyback program on Wednesday, February 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. This is a positive change from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 24th. Xylem’s payout ratio is currently 43.88%.

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.