State of New Jersey Common Pension Fund D Increases Holdings in Xylem Inc. $XYL

State of New Jersey Common Pension Fund D grew its position in shares of Xylem Inc. (NYSE:XYL) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,080 shares of the industrial products company’s stock after buying an additional 3,911 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Xylem were worth $12,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock valued at $3,841,711,000 after acquiring an additional 691,285 shares during the period. Geode Capital Management LLC increased its position in shares of Xylem by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock valued at $791,029,000 after purchasing an additional 136,605 shares during the last quarter. Amundi increased its position in shares of Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after purchasing an additional 830,337 shares during the last quarter. Impax Asset Management Group plc lifted its stake 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 worth $709,183,000 after purchasing an additional 663,191 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Xylem by 19.0% in the third quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after buying an additional 830,821 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $128.14 on Tuesday. The company’s 50-day moving average price is $138.28 and its 200-day moving average price is $142.01. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The company has a market cap of $31.20 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS 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 firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders 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 represents a $1.72 annualized dividend and a dividend yield of 1.3%. This is an increase from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

A number of analysts have commented on XYL shares. The Goldman Sachs Group set a $158.00 target price on shares of Xylem in a report on Wednesday, February 11th. Citigroup cut their price objective on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Friday, December 5th. Royal Bank Of Canada lowered their target price on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Finally, Wall Street Zen lowered Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.08.

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.