DAVENPORT & Co LLC Has $91.28 Million Stock Position in Xylem Inc. $XYL

DAVENPORT & Co LLC lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 667,796 shares of the industrial products company’s stock after selling 25,987 shares during the period. DAVENPORT & Co LLC’s holdings in Xylem were worth $91,280,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its position in shares of Xylem by 1,844.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 166 shares during the last quarter. Knuff & Co LLC acquired a new stake in shares of Xylem in the 3rd quarter valued at approximately $27,000. Wexford Capital LP bought a new position in shares of Xylem in the third quarter valued at $27,000. First Horizon Corp bought a new position in shares of Xylem in the third quarter valued at $30,000. Finally, Ramirez Asset Management Inc. increased its holdings in Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after buying an additional 100 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on XYL shares. Mizuho set a $138.00 price target on shares of Xylem in a research note on Wednesday, February 11th. Robert W. Baird set a $161.00 price objective on shares of Xylem in a research note on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Monday, February 23rd. The Goldman Sachs Group set a $158.00 target price on shares of Xylem in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Xylem Price Performance

NYSE:XYL opened at $120.50 on Wednesday. The company has a market cap of $29.30 billion, a P/E ratio of 30.74, a P/E/G ratio of 1.72 and a beta of 1.17. The firm’s fifty day moving average price is $131.25 and its two-hundred day moving average price is $138.82. 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 earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 firm posted $1.18 earnings per share. The company’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. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.43 per share. This is a boost from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, February 24th. Xylem’s dividend payout ratio is presently 43.88%.

Xylem announced that its board has authorized a stock buyback program on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management 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.