Thrivent Financial for Lutherans Boosts Position in Xylem Inc. $XYL

Thrivent Financial for Lutherans lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 255.0% during the 4th quarter, Holdings Channel reports. The fund owned 87,496 shares of the industrial products company’s stock after buying an additional 62,846 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Xylem were worth $11,917,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Schroder Investment Management Group increased its position in shares of Xylem by 2,055.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after purchasing an additional 1,137,342 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Xylem by 346.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock worth $105,160,000 after purchasing an additional 553,152 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Xylem during the 2nd quarter worth about $64,407,000. Jennison Associates LLC increased its position in shares of Xylem by 241.6% during the 4th quarter. Jennison Associates LLC now owns 633,648 shares of the industrial products company’s stock worth $86,290,000 after purchasing an additional 448,148 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Xylem by 844.4% during the 2nd quarter. Lazard Asset Management LLC now owns 392,440 shares of the industrial products company’s stock worth $50,765,000 after purchasing an additional 350,887 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $106.32 on Wednesday. The stock has a 50-day simple moving average of $119.71 and a 200-day simple moving average of $131.91. The stock has a market capitalization of $25.27 billion, a PE ratio of 26.45, a PEG ratio of 1.54 and a beta of 1.08. Xylem Inc. has a 1 year low of $106.19 and a 1 year high of $154.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, analysts predict that Xylem Inc. will post 5.51 earnings per share for the current fiscal year.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem’s payout ratio is presently 42.79%.

Insider Activity at Xylem

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the sale, the chief accounting officer owned 3,605 shares in the company, valued at $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $116.61 per share, with a total value of $141,098.10. Following the purchase, the director owned 27,209 shares of the company’s stock, valued at $3,172,841.49. The trade was a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of recent analyst reports. Robert W. Baird set a $161.00 price objective on Xylem in a research report on Wednesday, February 11th. Stifel Nicolaus dropped their target price on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $158.00 target price on Xylem in a research report on Wednesday, February 11th. Oppenheimer dropped their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Mizuho set a $138.00 target price on Xylem in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

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.