DAVENPORT & Co LLC Sells 25,987 Shares of Xylem Inc. $XYL

DAVENPORT & Co LLC lowered its position in shares of Xylem Inc. (NYSE:XYL) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 667,796 shares of the industrial products company’s stock after selling 25,987 shares during the quarter. DAVENPORT & Co LLC owned 0.27% of Xylem worth $91,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Xylem by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after buying an additional 3,900 shares during the period. NewEdge Advisors LLC grew its stake in Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 132 shares during the period. Empowered Funds LLC increased its holdings in shares of Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 3,120 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Xylem by 12.2% during the second quarter. Cetera Investment Advisers now owns 27,990 shares of the industrial products company’s stock worth $3,621,000 after purchasing an additional 3,050 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Xylem by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,453,672 shares of the industrial products company’s stock worth $188,047,000 after purchasing an additional 34,953 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 0.5%

NYSE:XYL opened at $120.50 on Wednesday. The stock has a 50-day simple moving average of $131.25 and a 200 day simple moving average of $138.82. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27. The company has a market cap of $29.30 billion, a PE ratio of 30.74, a PEG ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, meeting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.Xylem’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, February 24th. This is a positive change from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.4%. Xylem’s dividend payout ratio is currently 43.88%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XYL shares. Citigroup decreased their price objective on Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Wall Street Zen downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group reiterated a “buy” rating and issued a $155.00 price target on shares of Xylem in a report on Friday, February 13th. William Blair initiated coverage on shares of Xylem in a research report on Monday, January 26th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group set a $158.00 price objective on shares of Xylem in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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.