Xylem Inc. $XYL Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of Xylem Inc. (NYSE:XYL) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,613 shares of the industrial products company’s stock after purchasing an additional 24,352 shares during the period. Fisher Asset Management LLC owned approximately 0.17% of Xylem worth $59,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in Xylem by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after purchasing an additional 3,900 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock valued at $496,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Xylem during the second quarter worth $354,000. Finally, Assetmark Inc. raised its position in Xylem by 379.7% in the second quarter. Assetmark Inc. now owns 921 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. TD Cowen reiterated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. UBS Group restated a “buy” rating and set a $155.00 target price on shares of Xylem in a research report on Friday, February 13th. Stifel Nicolaus dropped their target price on shares of Xylem from $178.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Citigroup decreased their price target on Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.08.

Xylem Stock Down 0.5%

Shares of NYSE XYL opened at $128.92 on Tuesday. The firm’s 50-day moving average is $136.49 and its two-hundred day moving average is $141.01. The company has a market capitalization of $31.34 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month 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 issued 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%.During the same quarter in the prior year, the company posted $1.18 earnings per share. Xylem’s revenue was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed 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 is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

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

Xylem Company 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.