Xylem Inc. $XYL Shares Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in Xylem Inc. (NYSE:XYL) by 122.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,329 shares of the industrial products company’s stock after purchasing an additional 5,676 shares during the period. Cresset Asset Management LLC’s holdings in Xylem were worth $1,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Xylem by 0.7% during the third quarter. Vanguard Group Inc. now owns 29,902,236 shares of the industrial products company’s stock valued at $4,410,580,000 after buying an additional 204,407 shares during the period. Geode Capital Management LLC boosted its position in Xylem by 2.3% during the second quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock worth $791,029,000 after acquiring an additional 136,605 shares during the last quarter. Amundi grew its stake in Xylem by 17.0% in the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock worth $730,717,000 after acquiring an additional 830,337 shares during the period. Impax Asset Management Group plc raised its holdings in Xylem by 13.7% in the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock valued at $709,183,000 after acquiring an additional 663,191 shares during the last quarter. Finally, Swedbank AB raised its holdings in Xylem by 19.0% in the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after acquiring an additional 830,821 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Down 2.4%

Shares of XYL opened at $123.16 on Monday. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The company’s fifty day moving average is $135.51 and its two-hundred day moving average is $140.59. The firm has a market cap of $29.95 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. 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 released its quarterly earnings data 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 return on equity of 11.11% and a net margin of 10.59%.The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem declared that its board has authorized a stock repurchase 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 repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.43 per share. This is a boost from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, February 24th. Xylem’s payout ratio is currently 43.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XYL shares. Barclays decreased their price objective on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Zacks Research lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. TD Cowen reiterated a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Stifel Nicolaus decreased their price target on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Oppenheimer set a $165.00 price target on Xylem in a report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus 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.