Mitsubishi UFJ Asset Management Co. Ltd. Purchases 22,495 Shares of Xylem Inc. $XYL

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Xylem Inc. (NYSE:XYL) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 486,113 shares of the industrial products company’s stock after buying an additional 22,495 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Xylem worth $71,702,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of XYL. AQR Capital Management LLC lifted its stake in shares of Xylem by 14.4% in the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after purchasing an additional 3,900 shares during the period. NewEdge Advisors LLC increased its holdings in Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares in the last quarter. Empowered Funds LLC lifted its stake in Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after buying an additional 3,120 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Xylem during the 2nd quarter worth approximately $351,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $354,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.9%

Shares of NYSE XYL opened at $129.46 on Friday. 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 50-day moving average price of $136.69 and a 200-day moving average price of $141.14. The stock has a market capitalization of $31.48 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.89 and a beta of 1.17. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27.

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

Xylem announced that its board has approved a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th will be given a dividend of $0.43 per share. 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. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. Xylem’s payout ratio is presently 43.88%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XYL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Stifel Nicolaus dropped their price objective on shares of Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Mizuho set a $138.00 target price on Xylem in a research report on Wednesday, February 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Xylem in a research note on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average 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.