Somerville Kurt F Has $15.68 Million Stake in Xylem Inc. $XYL

Somerville Kurt F cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,278 shares of the industrial products company’s stock after selling 4,375 shares during the quarter. Xylem comprises 2.6% of Somerville Kurt F’s investment portfolio, making the stock its 16th largest holding. Somerville Kurt F’s holdings in Xylem were worth $15,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in shares of Xylem during the 2nd quarter worth about $338,232,000. ABN AMRO Bank N.V. acquired a new position in Xylem in the 2nd quarter valued at approximately $208,226,000. Swedbank AB lifted its position in shares of Xylem by 19.0% in the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after acquiring an additional 830,821 shares during the period. Amundi grew its holdings 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 worth $730,717,000 after purchasing an additional 830,337 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Xylem by 544.0% during the third quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock valued at $128,141,000 after purchasing an additional 733,860 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer set a $165.00 price target on shares of Xylem in a report on Thursday, February 12th. Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group reissued a “buy” rating and set a $155.00 price target on shares of Xylem in a research note on Friday, February 13th. Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Citigroup cut their price objective on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Nine research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Trading Up 1.4%

Shares of XYL traded up $1.85 during trading on Friday, reaching $131.06. 163,344 shares of the company traded hands, compared to its average volume of 1,724,957. 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 stock has a market cap of $31.91 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27. The stock has a 50-day simple moving average of $137.70 and a 200-day simple moving average of $141.73.

Xylem (NYSE:XYL) last announced its 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 return on equity of 11.11% and a net margin of 10.59%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business posted $1.18 EPS. Xylem’s revenue for the quarter 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 anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th will be given a $0.43 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. Xylem’s payout ratio is 40.82%.

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.