Swiss Life Asset Management Ltd Grows Position in Xylem Inc. $XYL

Swiss Life Asset Management Ltd raised its stake in shares of Xylem Inc. (NYSE:XYL) by 7.5% in the third quarter, Holdings Channel.com reports. The fund owned 139,732 shares of the industrial products company’s stock after purchasing an additional 9,800 shares during the period. Swiss Life Asset Management Ltd’s holdings in Xylem were worth $20,610,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Cambria Investment Management L.P. grew its position in shares of Xylem by 1.5% during the third quarter. Cambria Investment Management L.P. now owns 10,066 shares of the industrial products company’s stock worth $1,485,000 after buying an additional 150 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Xylem by 1.9% in the third quarter. CIBC Private Wealth Group LLC now owns 45,793 shares of the industrial products company’s stock worth $6,754,000 after acquiring an additional 855 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Xylem during the 3rd quarter worth approximately $4,953,000. Sycomore Asset Management purchased a new stake in shares of Xylem in the 3rd quarter valued at approximately $3,479,000. Finally, Faithward Advisors LLC purchased a new stake in shares of Xylem in the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XYL shares. Robert W. Baird set a $161.00 price objective on shares of Xylem in a report on Wednesday, February 11th. TD Cowen restated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Stifel Nicolaus cut their target price on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Performance

NYSE XYL opened at $120.49 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12. 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 $29.30 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.71 and a beta of 1.17. The business’s 50 day moving average is $132.41 and its two-hundred day moving average is $139.27.

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, hitting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.Xylem’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, February 24th. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.4%. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

Xylem declared that its board has authorized a stock repurchase 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 purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.