First Financial Bank Trust Division Acquires Shares of 19,119 Xylem Inc. $XYL

First Financial Bank Trust Division acquired a new stake in Xylem Inc. (NYSE:XYL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 19,119 shares of the industrial products company’s stock, valued at approximately $2,604,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirova increased its position in shares of Xylem by 5.5% during the 3rd quarter. Mirova now owns 152,210 shares of the industrial products company’s stock valued at $22,451,000 after purchasing an additional 7,942 shares during the last quarter. AIA Group Ltd lifted its position in Xylem by 335.1% in the third quarter. AIA Group Ltd now owns 7,440 shares of the industrial products company’s stock worth $1,097,000 after buying an additional 5,730 shares during the last quarter. Keel Point LLC boosted its stake in Xylem by 4.6% during the third quarter. Keel Point LLC now owns 1,784 shares of the industrial products company’s stock worth $263,000 after buying an additional 79 shares during the period. Allworth Financial LP increased its position in Xylem by 6.8% during the third quarter. Allworth Financial LP now owns 2,405 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 154 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its position in Xylem by 7.5% during the third quarter. Swiss Life Asset Management Ltd now owns 139,732 shares of the industrial products company’s stock valued at $20,610,000 after acquiring an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $119.56 on Thursday. The company has a market cap of $29.07 billion, a PE ratio of 30.50, a P/E/G ratio of 1.74 and a beta of 1.17. The firm’s 50 day moving average price is $132.82 and its 200-day moving average price is $139.40. 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.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, hitting 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 was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem declared that its board has initiated a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Xylem Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XYL shares. Wall Street Zen lowered shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Barclays cut their price target 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. UBS Group reissued a “buy” rating and issued a $155.00 price objective on shares of Xylem in a research note on Friday, February 13th. Robert W. Baird set a $161.00 target price on Xylem in a research report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.