Strs Ohio Decreases Stock Holdings in Xylem Inc. $XYL

Strs Ohio reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 15.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 167,929 shares of the industrial products company’s stock after selling 29,890 shares during the period. Strs Ohio’s holdings in Xylem were worth $22,869,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XYL. Schroder Investment Management Group grew its stake in Xylem by 2,055.2% during the third quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after buying an additional 1,137,342 shares during the period. Balyasny Asset Management L.P. grew its stake in Xylem by 346.2% during the third quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock worth $105,160,000 after buying an additional 553,152 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Xylem during the second quarter worth approximately $64,407,000. Jennison Associates LLC grew its stake in Xylem by 241.6% during the fourth quarter. Jennison Associates LLC now owns 633,648 shares of the industrial products company’s stock worth $86,290,000 after buying an additional 448,148 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Xylem by 844.4% in the second quarter. Lazard Asset Management LLC now owns 392,440 shares of the industrial products company’s stock valued at $50,765,000 after purchasing an additional 350,887 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of Xylem from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Jefferies Financial Group restated a “hold” rating and issued a $130.00 target price (down from $140.00) on shares of Xylem in a research note on Tuesday, March 31st. Finally, Barclays decreased their target price on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Price Performance

Shares of XYL stock opened at $115.32 on Friday. The company has a market capitalization of $27.41 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The firm has a fifty day simple moving average of $123.29 and a 200-day simple moving average of $134.79. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. Xylem Inc. has a twelve month low of $114.15 and a twelve month high of $154.27.

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

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were issued a $0.43 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s dividend payout ratio is currently 42.79%.

Xylem announced that its board has initiated a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors 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.