AXQ Capital LP Takes Position in Xylem Inc. $XYL

AXQ Capital LP bought a new stake in Xylem Inc. (NYSE:XYL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 20,858 shares of the industrial products company’s stock, valued at approximately $2,840,000. Xylem comprises 0.6% of AXQ Capital LP’s holdings, making the stock its 6th largest holding.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Xylem by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock valued at $4,092,855,000 after buying an additional 152,507 shares in the last quarter. State Street Corp raised its position in shares of Xylem by 1.2% in the 3rd quarter. State Street Corp now owns 10,953,206 shares of the industrial products company’s stock valued at $1,615,598,000 after buying an additional 133,173 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after buying an additional 151,754 shares in the last quarter. Swedbank AB raised its stake in Xylem by 6.0% during the fourth quarter. Swedbank AB now owns 5,507,966 shares of the industrial products company’s stock worth $750,075,000 after acquiring an additional 310,213 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Xylem by 1.6% during the third quarter. Northern Trust Corp now owns 3,259,233 shares of the industrial products company’s stock worth $480,737,000 after acquiring an additional 51,343 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Insider Activity at Xylem

In related news, Director Jerome A. Peribere purchased 1,210 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average price 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 in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the sale, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. This represents a 54.22% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by company insiders.

Xylem Trading Down 1.1%

Shares of NYSE:XYL opened at $108.38 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The business’s 50-day moving average is $117.60 and its 200 day moving average is $129.31. The firm has a market capitalization of $25.76 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.56 and a beta of 1.05. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27.

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

Xylem announced that its board has approved a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in 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 usually an indication that the company’s board believes its shares are undervalued.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s dividend payout ratio is presently 42.79%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada lowered their price objective on Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lowered their price objective on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Barclays lowered their price objective on Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Mizuho set a $138.00 price objective on Xylem in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.77.

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.