Xylem Inc. $XYL Shares Purchased by Covea Finance

Covea Finance boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 236,147 shares of the industrial products company’s stock after purchasing an additional 4,600 shares during the period. Covea Finance’s holdings in Xylem were worth $32,158,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Renaissance Investment Group LLC boosted its stake in shares of Xylem by 1.0% during the fourth quarter. Renaissance Investment Group LLC now owns 82,543 shares of the industrial products company’s stock worth $11,241,000 after buying an additional 781 shares during the period. Board of the Pension Protection Fund acquired a new position in Xylem in the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA raised its stake in Xylem by 22.1% during the 4th quarter. Union Bancaire Privee UBP SA now owns 35,202 shares of the industrial products company’s stock valued at $4,677,000 after acquiring an additional 6,370 shares during the last quarter. Marathon Mission Inc. lifted its position in Xylem by 5.9% during the 4th quarter. Marathon Mission Inc. now owns 2,796 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 157 shares during the period. Finally, First Financial Bank Trust Division purchased a new position in shares of Xylem in the 4th quarter valued at approximately $2,604,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Stifel Nicolaus dropped their price objective on shares of Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. UBS Group restated a “buy” rating and set a $155.00 price objective on shares of Xylem in a research report on Friday, February 13th. William Blair assumed coverage on shares of Xylem in a research note on Monday, January 26th. They issued an “outperform” rating for the company. Finally, Citigroup lowered their target price 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Price Performance

Xylem stock opened at $120.30 on Friday. The firm has a market capitalization of $29.25 billion, a PE ratio of 30.69, a P/E/G ratio of 1.72 and a beta of 1.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The firm’s 50-day simple moving average is $132.03 and its 200 day simple moving average is $139.12. 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 (NYSE:XYL) last posted its earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share for the quarter, meeting the consensus estimate of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. Xylem’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. 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 1.4%. Xylem’s dividend payout ratio is 43.88%.

Xylem announced that its board has initiated a share 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 reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are 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.