282,762 Shares in Xylem Inc. $XYL Purchased by Fernbridge Capital Management LP

Fernbridge Capital Management LP bought a new stake in Xylem Inc. (NYSE:XYL) during the 3rd quarter, HoldingsChannel reports. The fund bought 282,762 shares of the industrial products company’s stock, valued at approximately $41,707,000. Xylem makes up 2.0% of Fernbridge Capital Management LP’s holdings, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in XYL. Ferguson Wellman Capital Management Inc. bought a new stake in Xylem during the third quarter worth $1,148,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Xylem by 19.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 56,216 shares of the industrial products company’s stock valued at $8,292,000 after purchasing an additional 8,960 shares during the last quarter. XXEC Inc. increased its stake in shares of Xylem by 66.0% in the 2nd quarter. XXEC Inc. now owns 33,698 shares of the industrial products company’s stock valued at $4,359,000 after purchasing an additional 13,404 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Xylem by 9.8% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 417,651 shares of the industrial products company’s stock worth $61,629,000 after buying an additional 37,189 shares in the last quarter. Finally, Covea Finance lifted its position in shares of Xylem by 25.5% during the 3rd quarter. Covea Finance now owns 231,547 shares of the industrial products company’s stock worth $34,153,000 after buying an additional 47,000 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. Barclays dropped their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Robert W. Baird set a $161.00 price target on shares of Xylem in a report on Wednesday, February 11th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, UBS Group reissued a “buy” rating and issued a $155.00 price objective on shares of Xylem in a research note on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $158.08.

Xylem Price Performance

Xylem stock opened at $119.88 on Friday. The stock has a 50-day moving average price of $133.97 and a two-hundred day moving average price of $139.90. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The company has a market capitalization of $29.15 billion, a PE ratio of 30.58, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share 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 previous year, the company earned $1.18 EPS. The business’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. Analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders 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. The ex-dividend date is Tuesday, February 24th. This represents a $1.72 annualized dividend and a yield of 1.4%. Xylem’s dividend payout ratio is currently 43.88%.

Xylem declared that its Board of Directors has approved a share repurchase program on Wednesday, February 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board 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.