Xylem Inc. $XYL Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,011 shares of the industrial products company’s stock after selling 14,674 shares during the quarter. Korea Investment CORP owned about 0.09% of Xylem worth $31,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Impax Asset Management Group plc boosted its position in shares of Xylem by 13.7% in the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock valued at $709,183,000 after purchasing an additional 663,191 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in Xylem during the third quarter worth approximately $1,148,000. Vanguard Personalized Indexing Management LLC lifted its stake in Xylem by 19.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 56,216 shares of the industrial products company’s stock valued at $8,292,000 after buying an additional 8,960 shares during the last quarter. XXEC Inc. lifted its stake in Xylem by 66.0% in the second quarter. XXEC Inc. now owns 33,698 shares of the industrial products company’s stock valued at $4,359,000 after buying an additional 13,404 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Xylem by 9.8% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 417,651 shares of the industrial products company’s stock valued at $61,629,000 after acquiring an additional 37,189 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Xylem stock opened at $123.45 on Tuesday. 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 business has a 50 day simple moving average of $135.21 and a 200-day simple moving average of $140.48. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The stock has a market capitalization of $30.02 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share 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 company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently declared 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 dividend on an annualized basis 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 is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is presently 43.88%.

Xylem announced that its Board of Directors has approved a share buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Stifel Nicolaus decreased their price target on shares of Xylem from $178.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Zacks Research downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Mizuho set a $138.00 price objective on shares of Xylem in a research note on Wednesday, February 11th. Finally, Oppenheimer set a $165.00 target price on shares of Xylem in a report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.