5,937 Shares in Xylem Inc. $XYL Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in Xylem Inc. (NYSE:XYL) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,937 shares of the industrial products company’s stock, valued at approximately $809,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Knuff & Co LLC purchased a new stake in shares of Xylem during the 3rd quarter worth $27,000. Board of the Pension Protection Fund purchased a new position in Xylem in the fourth quarter valued at $27,000. Wexford Capital LP acquired a new stake in Xylem in the third quarter valued at $27,000. First Horizon Corp acquired a new stake in Xylem in the third quarter valued at $30,000. Finally, Ramirez Asset Management Inc. lifted its holdings in Xylem by 100.0% during the 3rd 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 currently owned by institutional investors and hedge funds.

Xylem Price Performance

XYL stock opened at $116.42 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $27.67 billion, a P/E ratio of 28.96, a PEG ratio of 1.64 and a beta of 1.08. The business has a 50 day simple moving average of $123.05 and a 200-day simple moving average of $134.50. Xylem Inc. has a twelve month low of $114.15 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company posted $1.03 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were paid a $0.43 dividend. 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 yield of 1.5%. The ex-dividend date was Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is presently 42.79%.

Xylem announced that its board has approved a stock buyback plan on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XYL shares. Citigroup lowered their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. UBS Group increased their price target on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen reissued a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Finally, Mizuho set a $138.00 target price on shares of Xylem in a report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Insider Activity at Xylem

In other Xylem news, Director Jerome A. Peribere bought 1,210 shares of Xylem stock in a transaction dated Monday, May 4th. The stock was acquired at an average cost of $116.61 per share, with a total value of $141,098.10. Following the completion of the acquisition, the director owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

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.