Citigroup Inc. Purchases 21,354 Shares of Xylem Inc. $XYL

Citigroup Inc. increased its position in Xylem Inc. (NYSE:XYL) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,671 shares of the industrial products company’s stock after buying an additional 21,354 shares during the quarter. Citigroup Inc.’s holdings in Xylem were worth $44,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its position in Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the period. First Horizon Corp bought a new stake in shares of Xylem in the third quarter worth $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Xylem in the third quarter valued at $34,000. Root Financial Partners LLC bought a new position in Xylem during the 3rd quarter worth $46,000. Finally, Caldwell Trust Co acquired a new position in Xylem during the 2nd quarter worth about $41,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE:XYL opened at $128.10 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $154.27. The company has a fifty day moving average of $137.12 and a 200-day moving average of $141.38. The firm has a market capitalization of $31.19 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.82 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, hitting analysts’ consensus estimates of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the company posted $1.18 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This is an increase 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 yield of 1.3%. Xylem’s dividend payout ratio (DPR) is currently 40.82%.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Barclays decreased their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Citigroup dropped their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $158.00 price objective on shares of Xylem in a research note on Wednesday, February 11th. Finally, William Blair initiated coverage on shares of Xylem in a research note on Monday, January 26th. They set an “outperform” rating for the company. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.08.

Xylem 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.