Xylem Inc. $XYL Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,668,436 shares of the industrial products company’s stock after selling 62,784 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.51% of Xylem worth $541,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Xponance Inc. lifted its position in Xylem by 0.6% in the third quarter. Xponance Inc. now owns 36,265 shares of the industrial products company’s stock valued at $5,349,000 after acquiring an additional 205 shares during the last quarter. DNB Asset Management AS increased its position in shares of Xylem by 4.8% during the third quarter. DNB Asset Management AS now owns 122,354 shares of the industrial products company’s stock worth $18,047,000 after purchasing an additional 5,594 shares in the last quarter. Choreo LLC lifted its holdings in shares of Xylem by 35.2% in the 3rd quarter. Choreo LLC now owns 4,765 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 1,241 shares during the last quarter. Interchange Capital Partners LLC boosted its position in shares of Xylem by 19.3% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,648 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 428 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Xylem by 4.9% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,113 shares of the industrial products company’s stock worth $71,702,000 after buying an additional 22,495 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group set a $158.00 price objective on Xylem in a research note on Wednesday, February 11th. William Blair started coverage on shares of Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Citigroup lowered their price objective 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. Finally, TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Monday. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Xylem Stock Performance

NYSE XYL opened at $131.85 on Friday. The business has a 50 day moving average price of $136.86 and a 200 day moving average price of $141.23. The company has a market capitalization of $32.10 billion, a P/E ratio of 33.64, a PEG ratio of 1.83 and a beta of 1.17. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28.

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%. During the same quarter in the prior year, the company posted $1.18 earnings per share. Xylem’s revenue was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be given a $0.43 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

Xylem declared that its board has initiated a share buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Xylem Company 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.