Chevy Chase Trust Holdings LLC Reduces Stake in Xylem Inc. $XYL

Chevy Chase Trust Holdings LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 124,223 shares of the industrial products company’s stock after selling 4,315 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Xylem were worth $18,323,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Circle Wealth Management LLC increased its position in shares of Xylem by 31.2% during the third quarter. Circle Wealth Management LLC now owns 8,393 shares of the industrial products company’s stock valued at $1,238,000 after buying an additional 1,998 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Xylem by 37.5% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,852 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 2,142 shares during the period. California Public Employees Retirement System grew its stake in Xylem by 4.1% during the third quarter. California Public Employees Retirement System now owns 443,044 shares of the industrial products company’s stock valued at $65,349,000 after acquiring an additional 17,577 shares in the last quarter. American Trust Investment Advisors LLC purchased a new position in Xylem during the third quarter valued at approximately $232,000. Finally, Alliancebernstein L.P. increased its holdings in Xylem by 15.9% during the 3rd quarter. Alliancebernstein L.P. now owns 315,980 shares of the industrial products company’s stock worth $46,607,000 after acquiring an additional 43,259 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

XYL stock opened at $121.07 on Tuesday. The firm has a 50 day simple moving average of $133.61 and a two-hundred day simple moving average of $139.68. The stock has a market cap of $29.44 billion, a PE ratio of 30.89, a P/E/G ratio of 1.72 and a beta of 1.17. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28.

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 the consensus estimate of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared 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 a positive change from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. Xylem’s dividend payout ratio (DPR) is 43.88%.

Xylem declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Citigroup cut their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Zacks Research downgraded 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 Xylem in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus decreased their target price on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.